Why is Delhivery falling/rising?

As of 04-Sep, Delhivery Ltd's stock price is currently at Rs 471.00, reflecting a decrease of Rs 8.25 or 1.72%. The stock has shown a slight increase of 0.44% over the past week and a more substantial rise of 2.08% over the past month. However, it underperformed its sector today by 0.7%, touching an intraday low of Rs 469.25. Despite being close to its 52-week high, the stock's performance over the last three years has been negative at -16.66%, although it has delivered a positive return of 12.20% over the past year, outperforming the broader market which has seen a decline of 1.98%. The company has reported strong financial results, including a 77.25% growth in net profit and positive results for the last five consecutive quarters, which have contributed to its relatively strong performance.
Broader Market Context: In the context of the broader market, Delhivery's recent performance has been mixed. While the stock has outperformed the BSE500 index over the past year, which has generated negative returns of -4.38%, it is currently facing some downward pressure reflected in today's price movement. The stock's liquidity is adequate, with a significant increase in delivery volume, indicating rising investor participation. However, the overall market sentiment may be affecting its short-term performance, as evidenced by its underperformance against the sector today.