Why is IMEC Services falling/rising?

As of 11-Jul, IMEC Services Ltd is experiencing a price increase, currently at Rs. 127.75, reflecting a rise of 2.5 (2.0%). The stock has shown remarkable performance, gaining 51.27% over the last 21 days and achieving a new 52-week and all-time high today. Additionally, the stock has outperformed its sector by 2.66% today. Over the past year, IMEC Services has delivered an extraordinary return of 1563.41%, significantly outperforming the BSE500 index. The company has also reported outstanding financial results, including a net profit growth of 2685.23% and a substantial increase in net sales by 410.37%, contributing to positive investor sentiment.
In the broader market context, IMEC Services has outperformed the Sensex, which has seen a decline of 1.12% over the past week, while IMEC's stock has surged by 10.37% in the same period. This stark contrast highlights the stock's strong performance relative to the market. Despite a recent decline in investor participation, as indicated by a 51.98% drop in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of exceptional financial results and sustained stock performance has driven the price increase, positioning IMEC Services as a strong performer in both the short and long term.