Why is IMEC Services falling/rising?

As of 22-Jul, IMEC Services Ltd's stock price is rising, currently at 146.65, reflecting an increase of 2.85 or 1.98%. 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 51.23% return during this period. Additionally, the stock has significantly outperformed its sector by 2.38%. The company has shown outstanding financial performance, with a net profit growth of 2685.23% and positive results in the last two consecutive quarters, which has contributed to the stock's upward momentum.
In the broader market context, IMEC Services has demonstrated exceptional performance compared to the Sensex, with a 10.35% increase over the past week while the benchmark has declined by 0.47%. Over the last month, the stock has surged by 54.25%, contrasting sharply with the Sensex's slight decrease of 0.27%. This trend of outperformance is consistent over longer periods, with the stock yielding 137.72% year-to-date and an astonishing 1809.51% over the past year, indicating strong investor confidence and market interest in IMEC Services amidst a generally stable market environment.