Why is IMEC Services falling/rising?

As of 16-Jul, IMEC Services Ltd is experiencing a price increase, with the current price at Rs. 135.55, reflecting a rise of 2.65 (1.99%). The stock has hit a new 52-week and all-time high today, and it has shown a remarkable performance by gaining 51.28% over the last 21 days. Additionally, the stock has outperformed its sector by 2.49% today. Over various periods, IMEC Services has demonstrated exceptional returns, including a staggering 1664.97% increase over the past year and a 6577.34% increase over the last three years. The company has also reported outstanding financial results, with a net profit growth of 2685.23% and positive results for the last two consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has seen a decline of 1.08% over the past week while IMEC's stock has risen by 10.38%. This stark contrast highlights the stock's strong performance relative to the market. Despite a recent decline in investor participation, as indicated by a 39.06% drop in delivery volume, the stock remains liquid enough for trading. Overall, the combination of strong financial results, consistent performance, and significant returns compared to the benchmark has contributed to the rising stock price of IMEC Services Ltd.