Why is Colab Platforms falling/rising?

As of 24-Sep, Colab Platforms Ltd is experiencing a price increase, with the current price at Rs. 115.63, reflecting a rise of Rs. 2.26 or 1.99%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 days with a total return of 51.37% during this period. Additionally, the stock has shown impressive performance over various time frames, including a staggering 1674.83% increase over the past year. The company has reported strong financial results, with a net profit growth of 26.32% and positive results for the last three consecutive quarters, contributing to the stock's upward movement.
In the broader market context, Colab Platforms has significantly outperformed the Sensex, which has seen a decline of 1.18% over the past week while the stock itself has risen by 10.38%. This strong performance is indicative of the company's market-beating results over the long term, as it has outperformed the BSE500 across multiple time frames. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 28.77% against the five-day average, which could be a point of concern moving forward. Despite this, the liquidity remains sufficient for trading, suggesting that the stock's rise is supported by solid fundamentals and market confidence.