Why is IMEC Services falling/rising?

As of 04-Aug, IMEC Services Ltd is experiencing a price increase, currently at 175.05, reflecting a rise of 3.4 or 1.98%. The stock has shown impressive performance, gaining 51.23% over the past month and achieving a new 52-week and all-time high today. It has been on a consecutive gain streak for the last 21 days, indicating strong upward momentum. Despite underperforming its sector by 0.87% today, the stock is trading above all key moving averages, suggesting a robust trend. The company has reported outstanding financial results, with a net profit growth of 2685.23% and positive results for the last two consecutive quarters, contributing to the stock's recent upward movement.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has only risen by 0.16% over the past week and declined by 2.89% over the past month. The stock's year-to-date return of 183.76% starkly contrasts with the Sensex's modest gain of 3.69%. Additionally, rising investor participation, as evidenced by an 85.32% increase in delivery volume, further supports the stock's positive trajectory. Overall, the strong financial performance and favorable market conditions have contributed to the stock's rising price.