Why is IMEC Services falling/rising?

As of 23-Jul, IMEC Services Ltd's stock price is rising, currently at Rs. 149.55, reflecting an increase of Rs. 2.9 or 1.98%. The stock has recently hit a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 51.21% return during this period. Additionally, the stock has shown impressive performance over various time frames, with a year-to-date return of 142.42% and a staggering 1847.27% increase over the past year. The company has also reported outstanding financial results, including a net profit growth of 2685.23% and positive results for the last two consecutive quarters, which have contributed to the stock's upward momentum.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has only increased by 0.11% over the past week, while IMEC's stock surged by 10.33%. This strong performance indicates that investor sentiment remains positive despite a noted decline in delivery volume, which has fallen by 87.32% against the 5-day average. The stock's liquidity remains adequate, allowing for continued trading activity. Overall, the combination of exceptional financial results, consistent gains, and strong relative performance against the benchmark has driven the stock's price rise.