Why is IMEC Services falling/rising?

As of 08-Jul, IMEC Services Ltd is experiencing a rise in its stock price, currently at Rs 120.40, reflecting an increase of Rs 2.35 or 1.99%. The stock has shown remarkable performance, gaining 51.28% over the last 21 days and achieving a new 52-week and all-time high today. Additionally, the stock has outperformed its sector by 2.25%. Over various periods, IMEC Services has delivered impressive returns, including a staggering 1467.71% over the past year and 6011.68% over the last three years. The company's strong financial results, including a net profit growth of 2685.23% and a significant increase in net sales, have contributed positively to its recent price movement.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has only increased by 0.02% over the past week, while IMEC's return for the same period is 10.31%. This stark contrast highlights the stock's strong momentum relative to the benchmark. Despite a recent decline in investor participation, as indicated by a 17.2% drop in delivery volume, the stock remains liquid and continues to trade above its moving averages, suggesting sustained investor interest. Overall, the combination of exceptional financial performance and consistent gains has driven the stock's upward trajectory.