Why is IMEC Services falling/rising?

As of 25-Jun, IMEC Services Ltd is experiencing a price increase, with its current price at Rs. 100.87, reflecting a rise of Rs. 1.97 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 18 days, yielding a remarkable 42.07% return during this period. The company has shown outstanding financial performance, with a net profit growth of 2685.23% and positive results for the last two consecutive quarters. Additionally, the stock has significantly outperformed the BSE 500, generating a staggering 1278.01% return over the past year, which further bolsters investor confidence.
In the broader market context, IMEC Services has outperformed the Sensex, which has only increased by 1.61% over the past week, while IMEC's stock has surged by 10.37% in the same timeframe. This strong performance indicates that investor sentiment remains positive despite a noted decline in delivery volume, which fell by 36.03% against the five-day average. The stock's liquidity remains adequate, allowing for continued trading activity. Overall, the combination of exceptional financial results and sustained price momentum contributes to the stock's rising trajectory in the market.