Why is IMEC Services falling/rising?

As of 28-Jul, IMEC Services Ltd is experiencing a price increase, currently at 158.65, reflecting a rise of 3.1 or 1.99%. The stock has shown strong performance, gaining 51.2% over the past month and achieving a new 52-week and all-time high today. It has outperformed its sector by 3.09% and has been on a consecutive gain streak for the last 21 days. Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 93.77% against the 5-day average. The company's impressive financial results, including a 2685.23% growth in net profit and positive results for the last two consecutive quarters, have contributed to the stock's upward movement.
In the broader market context, IMEC Services has significantly outperformed the benchmark Sensex, which has declined by 1.59% over the past week while IMEC has surged by 10.33%. This stark contrast highlights the stock's strong relative performance in a challenging market environment. Additionally, the stock's year-to-date return of 157.17% compared to the Sensex's modest gain of 3.52% further emphasizes its robust growth trajectory. Overall, the combination of strong financial results and significant price appreciation, despite falling investor participation, positions IMEC Services favorably against the broader market trends.