Why is CARE Ratings falling/rising?

As of 07-Jul, CARE Ratings Ltd is experiencing a decline in its stock price, currently at Rs 1,832.10, which reflects a decrease of Rs 89.15 or 4.64%. Today's performance indicates that the stock has underperformed its sector by 3.1%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 1,824, marking a drop of 5.06%. Despite this decline, CARE Ratings has shown strong performance over the past year with a return of 64.38%, and it has consistently outperformed the BSE500 index over the last three years. The company has maintained positive financial results for seven consecutive quarters, with significant growth in profit before tax and profit after tax, alongside a high return on capital employed.
In the broader market context, the stock's short-term performance over the past week shows a gain of 2.09%, while the Sensex has slightly declined by 0.20%. This indicates that CARE Ratings has been performing better than the overall market in the short term. However, the recent price drop may reflect profit-taking by investors after a period of strong gains, despite the company's solid fundamentals and high institutional holdings, which suggest confidence in its long-term prospects. The liquidity of the stock remains adequate, with a significant increase in delivery volume, indicating continued interest from investors despite the current price decline.