Why is Cartrade Tech falling/rising?

As of 28-Oct, Cartrade Tech Ltd's stock price is rising, currently at 3,129.95, reflecting an increase of 466.05 or 17.5%. The stock has recently hit a new 52-week and all-time high of Rs. 3182.35 today, demonstrating strong performance with a 27.58% gain over the last six days. It has outperformed its sector by 18.2% today, and the stock is trading above all key moving averages, indicating a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 202.86% against the five-day average, suggesting heightened interest in the stock.
In the broader market context, Cartrade Tech's short-term performance is notably strong compared to the benchmark Sensex, which has only increased by 0.24% over the past week, while Cartrade Tech has surged by 24.53%. This substantial outperformance highlights the stock's momentum and investor confidence, particularly in light of its impressive year-to-date return of 110.70% compared to the Sensex's 8.30%. The high volatility observed today, with an intraday fluctuation of 6.61%, further reflects the active trading environment surrounding the stock, contributing to its rising price.