Why is Cartrade Tech falling/rising?

As of 17-Jul, Cartrade Tech Ltd's stock price is currently at Rs 1,926.35, reflecting an increase of 7.35 points or 0.38%. The stock has shown strong performance recently, with a 4.73% gain over the past week and a remarkable 13.50% increase over the last month. It is also trading close to its 52-week high, just 3.8% away from Rs 1,999.5. Despite a slight decline in delivery volume, which fell by 75.4% against the 5-day average, the stock has been gaining for the last two days, indicating positive momentum. The company's strong fundamentals, including a low debt-to-equity ratio, consistent positive results over the last 12 quarters, and significant growth in net sales and operating profit, contribute to the stock's upward movement. Additionally, high institutional holdings at 76.32% suggest confidence from larger investors, further supporting the stock's performance.
In the broader market context, Cartrade Tech's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.12% over the past week. The stock's year-to-date return of 29.68% significantly outpaces the Sensex's 5.27% increase, highlighting its strong market position. This outperformance is evident not only in the short term but also in the long term, with the stock generating 131.99% returns over the past year compared to the Sensex's modest 1.91%. Overall, the combination of strong company fundamentals, positive recent performance, and a stark contrast to broader market trends contributes to the rising stock price of Cartrade Tech Ltd.