Why is Cartrade Tech falling/rising?

As of 31-Jul, Cartrade Tech Ltd's stock price is rising, currently at Rs 2,187.00, reflecting an increase of Rs 98.9 or 4.74%. The stock has recently hit a new 52-week and all-time high of Rs 2,218, demonstrating strong performance with a 15.24% gain over the past four days. Despite opening lower today with a decline of 2.03%, the stock managed to reach an intraday high, indicating resilience. Over the past week, Cartrade Tech has outperformed the sector by 5.34% and has shown impressive returns of 29.06% over the past month and 151.39% over the last year. The company has maintained a low debt-to-equity ratio and has reported positive financial results for 13 consecutive quarters, contributing to its strong market position.
In the broader market context, while Cartrade Tech has shown significant gains, the benchmark Sensex has experienced a decline of 1.22% over the past week. This stark contrast highlights the stock's robust performance relative to the market. Additionally, the company benefits from high institutional holdings at 77.79%, which suggests confidence from knowledgeable investors. However, there is a noted decrease in investor participation, with delivery volumes falling by 53.49% against the five-day average, which could indicate potential caution among retail investors. Overall, the combination of strong financial performance, institutional support, and recent price movements contributes to the stock's upward trajectory despite some short-term volatility.