Why is Colab Platforms falling/rising?

As of 29-Aug, Colab Platforms Ltd is experiencing a price increase, currently trading at 81.04, which reflects a rise of 1.58 or 1.99%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, showcasing a remarkable return of 51.31% over this period. Additionally, the stock is outperforming its sector by 2.65% today and is trading above its moving averages across various time frames. The company has reported strong financial results, including a net profit growth of 26.32% and positive performance in the last three consecutive quarters, which has contributed to the stock's upward momentum.
In the broader market context, Colab Platforms has significantly outperformed the benchmark, with a one-week return of +8.20% compared to the Sensex's -1.84%. Over the past year, the stock has generated an impressive 958.65% return, while the broader market has seen a decline of 2.83%. Despite a slight decrease in investor participation, as indicated by a 5.68% drop in delivery volume, the overall market-beating performance and strong financial results have positively influenced investor sentiment, driving the stock's price higher.