Why is IMEC Services falling/rising?

As of 21-Jul, IMEC Services Ltd is experiencing a price increase, currently at 143.80, reflecting a rise of 2.8 or 1.99%. The stock has shown significant momentum, gaining 51.26% over the past month and achieving a new 52-week and all-time high today. It has outperformed its sector by 1.07% and has been on a consecutive gain streak for the last 21 days. The stock is trading above all key moving averages, indicating strong bullish sentiment. Additionally, the company has reported outstanding financial results, including a net profit growth of 2685.23% and positive results for the last two consecutive quarters, which have likely contributed to the stock's upward movement.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's impressive year-to-date return of 133.10% starkly contrasts with the Sensex's modest gain of 5.20%. This strong performance, coupled with rising investor participation and liquidity, suggests robust demand for the stock, further supporting its price increase. Overall, the combination of exceptional financial results and favorable market conditions has propelled IMEC Services to new highs.