Why is IMEC Services falling/rising?

As of 01-Aug, IMEC Services Ltd is experiencing a price increase, with its current price at Rs. 171.65, reflecting a rise of 3.35 (1.99%). The stock has recently hit a new 52-week and all-time high today, and it has outperformed its sector by 4.25%. Over the last 21 days, the stock has shown a remarkable gain of 51.23%. Additionally, it is trading above all key moving averages, indicating strong momentum. 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, with a 1-week return of +10.35% compared to the benchmark's -1.06%, and a 1-month return of +57.26% against the Sensex's -3.70%. This stark contrast highlights the stock's strong performance relative to the market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 96.43% against the 5-day average, which could indicate potential concerns among investors despite the stock's strong price performance.