Why is CARE Ratings falling/rising?

As of 07-Nov, CARE Ratings Ltd is experiencing a price increase, currently at 1,621.00, reflecting a rise of 17.95 or 1.12%. The stock has shown strong performance recently, outperforming its sector by 2.57% today and has gained consecutively over the last two days, with a total return of 1.29% in that period. Over the past week, the stock has increased by 1.08%, and it has delivered impressive returns of 19.61% year-to-date and 215.95% over the last three years. The company has maintained a low debt-to-equity ratio and has reported positive results for the last eight consecutive quarters, with significant growth in net sales and return on capital employed, which likely contributes to investor confidence and the stock's upward movement.
In the broader market context, while the Sensex has declined by 0.86% over the past week, CARE Ratings has managed to rise, indicating its resilience against market trends. The stock's performance over the last month shows a gain of 6.46%, contrasting with the Sensex's increase of only 1.57%. This strong relative performance suggests that institutional investors, who hold 55.21% of the stock, are confident in its fundamentals, as evidenced by their increased stake. However, it is worth noting that there has been a decline in delivery volume, which may indicate a potential concern regarding investor participation in the near term.