Why is Cartrade Tech falling/rising?

As of 23-Jul, Cartrade Tech Ltd is experiencing a price increase, currently at Rs 1,958.65, which reflects a rise of Rs 49.95 or 2.62%. The stock has shown strong performance, being only 2.09% away from its 52-week high of Rs 1,999.5 and outperforming its sector by 2.17% today. It has also touched an intraday high of Rs 1,977.65, marking a 3.61% increase. Over the past week, the stock has risen by 2.07%, and in the last month, it has surged by 20.30%, significantly outperforming the Sensex, which has only increased by 1.01% during the same period. The company has demonstrated healthy growth, 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 recent performance has been impressive compared to the benchmark, as it has outperformed the BSE500 over various time frames, including generating a remarkable 130.48% return in the last year. The stock's liquidity is also favorable, with a delivery volume increase of 17.71% against the 5-day average, indicating rising investor participation. Additionally, high institutional holdings at 77.79% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and favorable market conditions contributes to the stock's rising price.