Why is Delhivery falling/rising?

As of 23-Sep, Delhivery Ltd's stock is currently priced at Rs 458.60, reflecting a decrease of Rs 9.3 or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.28% during this period. Additionally, the stock's performance over the past week shows a decline of 3.56%, while it has underperformed the sector by 2.16% today. Despite a strong growth in net profit of 77.25% and positive results for the last five consecutive quarters, the stock's long-term fundamentals appear weak, with an average return on equity of only 0.44% and a poor EBIT to interest ratio. Furthermore, the stock's liquidity has decreased, with delivery volume falling by 9.43% against the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only declined by 0.34% over the past week. While Delhivery has generated a return of 5.88% over the past year, this is significantly lower than the benchmark's performance, which has seen negative returns of -4.69%. The company's high institutional holdings at 82.54% indicate confidence from larger investors, yet the overall weak long-term growth and negative operating profits raise concerns about its sustainability in the current market environment.