Why is Delhivery falling/rising?

As of 03-Sep, Delhivery Ltd's stock price is currently at Rs 479.25, reflecting an increase of Rs 8.25 or 1.75%. The stock reached a new 52-week high of Rs 485.8 today, outperforming its sector by 0.74%. Over the past week, Delhivery has shown a slight gain of 0.15%, while its performance over the last month has been significantly stronger at 11.49%. The company has reported positive financial results, including a 77.25% growth in net profit and has maintained positive results for the last five consecutive quarters. Additionally, high institutional holdings at 82.54% indicate strong confidence from knowledgeable investors, further supporting the stock's upward movement.
Broader market context shows that while the BSE500 has generated negative returns of -4.38% over the past year, Delhivery has managed to achieve a return of 12.95%, highlighting its resilience in a challenging market environment. In comparison to the benchmark Sensex, which has declined by 0.27% over the past week, Delhivery's performance remains robust. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 63.22% against the five-day average, which could indicate potential concerns about future trading activity despite the current price rise.