Why is CARE Ratings falling/rising?

As of 22-Jul, CARE Ratings Ltd's stock price is rising, currently at Rs 1,814.00, reflecting an increase of Rs 24.05 or 1.34%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 2.23% during this period. It has outperformed its sector by 1.71% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in investor participation, with delivery volume dropping by 68.54% against the 5-day average, the company has demonstrated strong financial performance, including a 68.80% growth in profit before tax and a 77.0% increase in profit after tax over the last quarter. Additionally, the company has consistently delivered positive results for the past seven quarters, which has contributed to its robust performance over the last year, yielding an 81.40% return.
In the broader market context, while the stock has experienced a slight decline of 1.65% over the past week, it has significantly outperformed the benchmark Sensex, which has only decreased by 0.47% during the same period. Year-to-date, CARE Ratings has achieved a remarkable return of 33.85%, compared to the Sensex's 5.18%. This strong performance is bolstered by high institutional holdings at 53.13%, indicating confidence from larger investors who have increased their stake. However, there are concerns regarding the company's long-term growth potential, as net sales and operating profit growth rates over the last five years have been relatively modest. Despite these risks, the stock's recent upward movement can be attributed to its strong quarterly results and consistent returns, which have instilled investor confidence.