Why is Colab Platforms falling/rising?

As of 01-Sep, Colab Platforms Ltd is experiencing a rise in its stock price, currently at Rs. 82.66, reflecting an increase of 1.62 (2.0%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, resulting in a substantial return of 51.31% during this period. Additionally, the company has reported impressive financial results, including a net profit growth of 26.32% and positive results for the last three consecutive quarters, which have contributed to its strong performance. The stock has also outperformed the sector by 0.39% today and is trading above all key moving averages, indicating robust momentum.
In the broader market context, Colab Platforms has significantly outperformed the benchmark Sensex, with a 1-week return of +8.21% compared to the Sensex's -1.56%. Over the past year, the stock has generated an extraordinary return of 1001.40%, while the Sensex has declined by 2.43%. This stark contrast highlights the company's strong market position and investor confidence, further supported by rising investor participation and liquidity. Overall, the combination of positive financial results and strong market performance has driven the stock's recent upward movement.