Why is Cartrade Tech falling/rising?

As of 11-Jun, Cartrade Tech Ltd's stock price is currently at 1,662.15, reflecting an increase of 20.35 or 1.24%. The stock has been on an upward trajectory, gaining for the last five consecutive days with a total return of 9.92% during this period. It reached an intraday high of Rs 1683.65, which is a 2.55% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 306.39% compared to the 5-day average. The company has demonstrated robust financial health, with net sales growing at an annual rate of 27.03% and a consistent record of positive results over the last 12 quarters, which has likely contributed to the stock's positive performance.
In the broader market context, Cartrade Tech's short-term return of 9.92% over the past week significantly outpaces the benchmark Sensex's return of 1.87%. This outperformance is indicative of strong investor confidence in the company, particularly given its high institutional holdings of 76.32%, which have increased by 1.53% over the previous quarter. The stock's impressive annual return of 109.79% further highlights its market-beating performance compared to the BSE 500's return of 5.98%. Overall, the combination of solid financial growth, increasing investor interest, and favorable comparisons to the broader market has contributed to the rising stock price of Cartrade Tech Ltd.