Why is Cartrade Tech falling/rising?

As of 29-Jul, Cartrade Tech Ltd's stock price is currently at Rs 2,071.40, reflecting an increase of 6.2 points or 0.3%. The stock has shown strong performance recently, gaining 9.15% over the last two days and outperforming its sector by 0.39%. It is also trading close to its 52-week high, just 3.34% away from Rs 2,140.5. The stock has demonstrated impressive returns over various periods, including a 133.33% increase over the past year and a 196.93% rise over the last three years. Additionally, the company has reported positive financial results consistently for the last 13 quarters, with significant growth in net sales and profit after tax, which has likely bolstered investor confidence.
In the broader market context, Cartrade Tech's recent performance stands in stark contrast to the Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. This divergence highlights the stock's resilience and appeal among investors, particularly given its high institutional holdings of 77.79%, which have increased by 1.47% in the last quarter. The stock's liquidity is also favorable, with a significant rise in delivery volume, indicating strong investor interest. Overall, the combination of solid financial performance, positive market sentiment, and strong institutional backing has contributed to the stock's upward movement.