Why is Cartrade Tech falling/rising?

As of 12-Nov, Cartrade Tech Ltd's stock price is rising, currently at Rs. 3,176.30, reflecting an increase of 175.65 points or 5.85%. The stock has recently hit a new 52-week and all-time high of Rs. 3,199, showcasing strong performance with a 10.45% gain over the last four days. It has outperformed its sector by 3.54% today and is trading above all key moving averages, indicating robust momentum. The company has demonstrated impressive growth, with a 48.04% annual increase in operating profit and a 36.17% rise in net profit, contributing to positive investor sentiment. Additionally, high institutional holdings at 78.46% suggest confidence from more knowledgeable investors, further supporting the stock's upward trajectory.
In the broader market context, Cartrade Tech's short-term return of 9.12% over the past week significantly outpaces the Sensex's 1.21% increase, highlighting its strong relative performance. The stock's year-to-date return of 113.82% and one-year return of 168.77% also indicate a consistent trend of outperformance compared to the broader market, which has seen an 8.10% increase year-to-date. This sustained growth, coupled with rising investor participation and liquidity, reinforces the positive outlook for Cartrade Tech amidst a generally favorable market environment for the IT sector, which has gained 2.15%.