Why is Colab Platforms falling/rising?

As of 11-Aug, Colab Platforms Ltd is experiencing a price increase, currently at 63.96, reflecting a rise of 1.25 or 1.99%. The stock has shown strong performance recently, gaining 51.28% over the past month and achieving an impressive 797.05% return over the last year, significantly outperforming the broader market, which has seen negative returns. The stock has been on a consecutive gain streak for 21 days and is trading above its moving averages across various time frames. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 14.25% against the 5-day average, indicating growing interest in the stock. Positive financial results, including a staggering growth in net sales and a higher profit after tax, further bolster the stock's upward momentum.
In the broader market context, while the BSE500 index has generated negative returns of -1.85% over the past year, Colab Platforms has managed to thrive, showcasing its resilience and strong market position. The stock's short-term performance, with a 10.35% increase over the past week compared to the Sensex's decline of 0.51%, highlights its ability to attract investor confidence even in a challenging market environment. This divergence in performance underscores the stock's strong fundamentals and market-beating capabilities, contributing to its rising price.