Why is Colab Platforms falling/rising?

As of 04-Sep, Colab Platforms Ltd is experiencing a price increase, currently at Rs. 87.70, reflecting a rise of 1.71 or 1.99%. The stock has reached a new 52-week high today and has shown impressive performance, gaining 51.31% over the past month and 10.37% over the last week. It has been on a consecutive gain streak for 21 days, indicating strong upward momentum. The company has reported positive financial results, including a 26.32% growth in net profit and consistent positive results over the last three quarters, which has contributed to investor confidence and the stock's recent performance.
In the broader market context, Colab Platforms has significantly outperformed the Sensex, which has only increased by 0.80% in the past week. The stock's year-to-date return of 456.47% and a staggering 1140.45% return over the past year further highlight its strong market position compared to the benchmark's modest 3.30% increase. This outperformance in both the short and long term underscores the stock's attractiveness to investors, supported by rising investor participation and liquidity, which are essential for sustaining its upward trajectory.