Why is IMEC Services falling/rising?

As of 24-Jun, IMEC Services Ltd is experiencing a price increase, with the current price at Rs. 98.90, reflecting a rise of Rs. 1.93 or 1.99%. The stock has been on an upward trend, gaining for the last 17 days and achieving a remarkable 39.3% return during this period. It has also reached a new 52-week and all-time high today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has reported outstanding financial results, including a net profit growth of 2685.23% and positive results for the last two consecutive quarters, which have contributed to investor confidence and the stock's performance.
In the broader market context, IMEC Services has significantly outperformed the benchmark Sensex, with a 10.38% return over the past week compared to the Sensex's 0.58%. Over the last month, the stock has achieved a 39.04% return, while the Sensex has only increased by 0.41%. This strong performance relative to the benchmark, combined with rising investor participation and liquidity, underscores the stock's appeal in the current market environment. Overall, the combination of impressive financial results and consistent upward movement in stock price has positioned IMEC Services favorably against broader market trends.