Why is Delhivery falling/rising?

As of 22-Sep, Delhivery Ltd's stock price is currently at Rs 467.85, reflecting a decrease of Rs 10.7 or 2.24%. The stock has underperformed its sector today by 1.42% and has experienced a consecutive decline over the last two days, with a total drop of 3.37%. Despite being only 4.52% away from its 52-week high, the stock's performance over the past week and month has been negative, showing declines of 0.59% and 1.09%, respectively. While the company has reported strong financial results, including a 77.25% growth in net profit and positive results for the last five consecutive quarters, it also faces challenges such as weak long-term fundamental strength indicated by a low average Return on Equity (ROE) of 0.44% and a poor EBIT to Interest ratio.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. Delhivery's year-to-date return of 35.16% significantly outpaces the Sensex's 5.15%, indicating that while the stock has performed well in the longer term, recent short-term movements have been less favorable. The high institutional holdings at 82.54% suggest that knowledgeable investors are backing the stock, yet the overall market sentiment appears cautious, particularly given the stock's recent volatility and the negative operating profits that raise concerns about its future performance.