Why is Delhivery falling/rising?

As of 12-Sep, Delhivery Ltd's stock is currently priced at Rs 467.60, reflecting a decrease of Rs 2.4 or 0.51%. The stock has recently underperformed its sector by 0.31% and has fallen after two consecutive days of gains. It is currently 3.89% away from its 52-week high of Rs 485.8. Over the past week, the stock has seen a slight decline of 0.11%, while it has gained 0.97% over the past month. Despite a strong performance year-to-date with a 35.09% increase, the stock's three-year return of -18.34% contrasts sharply with the benchmark's 36.25% gain. Positive factors include a significant growth in net profit of 77.25% and consistent positive results over the last five quarters, alongside high institutional holdings at 82.54%, indicating strong investor confidence.
In the broader market context, the Sensex has increased by 1.48% over the past week and 2.08% over the past month, suggesting that the overall market is performing better than Delhivery's stock in the short term. While the stock has outperformed the market over the past year with a return of 12.17% compared to the BSE500's -3.45%, the recent decline in delivery volume by 44.88% against the five-day average indicates a drop in investor participation, which may be contributing to the stock's current downward movement. The liquidity of the stock remains adequate for trading, but the combination of recent performance trends and reduced trading activity may be influencing the stock's price decline.