Why is Colab Platforms falling/rising?

As of 28-Aug, Colab Platforms Ltd is experiencing a price increase, currently at Rs. 79.46, reflecting a rise of 1.55 (1.99%). The stock has recently hit a new 52-week high and has shown a remarkable performance, gaining 51.32% over the past month and 917.41% over the last year. This upward trend is supported by the company's strong financial results, including a 26.32% growth in net profit and positive results for the last three consecutive quarters. Additionally, the stock has been gaining for 21 consecutive days, outperforming its sector by 3.06% today, and is trading above all key moving averages.
In the broader market context, while Colab Platforms has significantly outperformed the Sensex, which has declined by 2.34% over the past week, the stock's performance remains robust in both the short and long term. The company's impressive returns of 404.19% year-to-date and 3608.75% over the last three years highlight its market-beating performance. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 8.24% against the five-day average, which could indicate a potential concern for future liquidity despite the stock's current strong performance.