Why is Cartrade Tech falling/rising?

As of 14-Jul, Cartrade Tech Ltd is experiencing a price increase, currently at Rs 1,985.60, reflecting a rise of Rs 87.25 or 4.6%. The stock has recently hit a new 52-week and all-time high of Rs 1,999.5, showcasing a strong performance today with an intraday high of 5.33%. Over the past week, the stock has gained 16.87%, and in the last month, it has risen by 21.28%. The company has shown consistent growth, with net sales increasing at an annual rate of 27.03% and operating profit at 39.37%. Additionally, the stock has outperformed its sector by 5.63% today and has seen a significant increase in delivery volume, indicating rising investor participation and confidence.
In the broader market context, while the Sensex has declined by 1.42% over the past week, Cartrade Tech's performance stands out with a substantial gain. The stock has demonstrated market-beating performance over various periods, including a remarkable 138.08% return over the last year. The high institutional holdings at 76.32% further support the stock's upward movement, as these investors typically possess better analytical capabilities. The company's positive financial results over the last 12 consecutive quarters and a low debt-to-equity ratio contribute to a favorable outlook, reinforcing the stock's rising trend amidst a challenging market environment.