Why is Cartrade Tech falling/rising?

As of 08-Jul, Cartrade Tech Ltd's stock price is rising, currently at Rs 1,821.65, reflecting an increase of Rs 122.65 or 7.22%. The stock has shown strong performance recently, gaining 8.62% over the last three days and outperforming its sector by 6.95% today. It is also close to its 52-week high, just 3.48% away from Rs 1,885. The stock has consistently outperformed the benchmark Sensex, with a 1-week return of 7.50% compared to the Sensex's 0.02%, and a year-to-date return of 22.63% versus the Sensex's 7.13%. Additionally, the company has demonstrated robust financial health, with net sales growing at an annual rate of 27.03% and operating profit at 39.37%, alongside positive results for the last 12 consecutive quarters.
In the broader market context, Cartrade Tech's strong short-term performance stands in stark contrast to the minimal movement of the Sensex, indicating a favorable sentiment towards the stock. The high institutional holdings at 76.32% suggest confidence from knowledgeable investors, which may contribute to the stock's upward trajectory. However, it is worth noting that there has been a significant decline in investor participation, with delivery volume dropping by 57.27% against the 5-day average, which could indicate potential volatility ahead. Overall, the combination of strong financial performance, positive investor sentiment, and market-beating returns has driven the stock's recent rise.