Why is Cartrade Tech falling/rising?

As of 11-Jul, Cartrade Tech Ltd's stock price is rising, currently at 1,898.35, reflecting an increase of 58.95 or 3.2%. The stock has recently hit a new 52-week and all-time high of Rs. 1918.4, demonstrating strong performance with a 7.63% gain over the last two days. It has outperformed its sector by 5.34% today and is trading above all key moving averages, indicating a bullish trend. The company has shown impressive growth metrics, with net sales increasing at an annual rate of 27.03% and operating profit growing at 39.37%. Additionally, the stock has delivered substantial returns, including 128.58% over the past year, supported by high institutional holdings that have increased by 1.53% in the last quarter.
In the broader market context, Cartrade Tech's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.12% over the past week. The stock's 11.76% gain over the same period highlights its resilience and attractiveness to investors, especially given the broader market's struggles. The rising investor participation, evidenced by a 33.83% increase in delivery volume, further underscores the stock's appeal amidst a challenging sector environment, where the IT - Software sector has fallen by 2.17%. Overall, Cartrade Tech's strong fundamentals and positive market sentiment contribute to its rising stock price.