Why is IMEC Services falling/rising?

As of 10-Jul, IMEC Services Ltd is experiencing a price increase, currently at Rs 125.25, reflecting a rise of 2.45 or 2.0%. 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 21 days, accumulating a remarkable 51.27% return during this period. The stock has also outperformed its sector by 1.2% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company has reported outstanding financial results, including a net profit growth of 2685.23% and a significant increase in net sales, which has positively influenced investor sentiment and contributed to the stock's upward trajectory.
In the broader market context, IMEC Services has significantly outperformed the Sensex, with a 10.35% return over the past week compared to a slight decline of 0.06% for the benchmark. Over the last month, the stock has surged by 54.29%, while the Sensex has only increased by 0.97%. This strong performance is further highlighted by the stock's year-to-date return of 103.03% against the Sensex's 6.46%. Despite a recent decline in investor participation, as indicated by a drop in delivery volume, the overall market-beating performance and positive financial results have kept the stock on an upward trend.