Why is Cartrade Tech falling/rising?

As of 23-Sep, Cartrade Tech Ltd's stock price is rising, currently at Rs 2,407.80, reflecting an increase of 20.9 points or 0.88%. The stock opened with a gain of 2.6% today and reached an intraday high of Rs 2,488.5, which is a 4.26% increase. Over the past week, the stock has outperformed the sector by 1.47%, and it has shown strong performance with a year-to-date return of 62.09% and a remarkable 146.54% increase over the past year. The company has maintained a low debt-to-equity ratio and has reported positive results for the last 13 consecutive quarters, with significant growth in net sales and operating profit. Additionally, high institutional holdings at 77.79% indicate strong investor confidence, further supporting the stock's upward movement.
In the broader market context, Cartrade Tech's short-term performance has been favorable compared to the benchmark, as it has gained 1.17% over the past week while the Sensex has declined by 0.34%. This outperformance highlights the stock's resilience and attractiveness to investors, especially in light of its healthy growth metrics and consistent profitability. Despite a recent decline in delivery volume, the stock remains liquid enough for trading, which may contribute to continued interest from both institutional and retail investors. Overall, the combination of strong fundamentals and positive market sentiment has contributed to the stock's rising price.