Why is Cartrade Tech falling/rising?

As of 28-Jul, Cartrade Tech Ltd's stock price is currently at Rs 2,065.20, reflecting an increase of Rs 167.5, or 8.83%. The stock has recently hit a new 52-week and all-time high of Rs 2,140.5, indicating strong upward momentum. Over the past week, the stock has gained 7.88%, significantly outperforming the Sensex, which has declined by 1.59%. Additionally, the stock has shown impressive long-term performance, with a 138.46% increase over the past year. Positive factors contributing to this rise include the company's consistent growth in net sales and operating profit, as well as a low debt-to-equity ratio and high institutional holdings, which have increased by 1.47% in the last quarter.
In the broader market context, Cartrade Tech's short-term performance stands in stark contrast to the benchmark, as it has outperformed the Sensex not only in the last week but also over the past month, where it gained 28.94% compared to the Sensex's decline of 3.77%. This divergence highlights the stock's strong market position and investor confidence, particularly given its healthy financial results over the past 13 quarters. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 28.65% against the 5-day average, which could be a concern for future trading activity.