Why is Cartrade Tech falling/rising?

As of 16-Jul, Cartrade Tech Ltd's stock price is currently at 1,919.00, reflecting an increase of 15.0, or 0.79%. The stock has shown strong performance recently, with a 1-week return of +8.81% and a 1-month return of +14.27%, significantly outperforming the Sensex, which has seen a decline of -1.08% over the same week and a modest increase of +1.02% over the month. Additionally, the stock is trading above its moving averages across various timeframes, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by -42.32% compared to the 5-day average. The company has demonstrated robust financial health, with a low debt-to-equity ratio and consistent growth in net sales and operating profit, contributing to its positive momentum.
In the broader market context, Cartrade Tech's strong performance contrasts sharply with the Sensex, which has struggled in the short term. The stock has generated impressive returns, including +131.11% over the past year, while the benchmark has only increased by +2.38%. This market-beating performance is further supported by high institutional holdings, which have risen by 1.53% in the last quarter, indicating confidence from sophisticated investors. The company has also reported positive results for the last 12 consecutive quarters, reinforcing its growth trajectory and appealing to investors despite the recent drop in trading volume.