Why is Colab Platforms falling/rising?

As of 05-Sep, Colab Platforms Ltd is experiencing a price increase, currently at Rs 89.45, which reflects a rise of 1.75 or 2.0%. The stock has reached a new 52-week high today and has shown impressive performance with a consecutive gain over the last 21 days, resulting in a 51.33% return during this period. The stock opened with a gain of 2% today and has consistently traded at this price. Additionally, it is trading above all key moving averages, indicating strong upward momentum. The company's recent financial results have been very positive, with a net profit growth of 26.32% and significant increases in net sales and earnings per share, contributing to the stock's bullish trend.
In the broader market context, Colab Platforms has significantly outperformed the benchmark, with a 10.38% increase over the past week compared to the Sensex's 1.13% rise. Over the last year, the stock has generated an extraordinary return of 1190.76%, while the benchmark has declined by 1.81%. This stark contrast highlights the stock's strong market-beating performance both in the short term and long term, reinforcing investor confidence and participation, which has risen by 13.25% against the 5-day average delivery volume.