Why is IMEC Services falling/rising?

As of 13-Aug, IMEC Services Ltd is experiencing a price increase, currently at Rs. 200.90, reflecting a rise of Rs. 3.9 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 51.17% return during this period. Additionally, the stock has outperformed its sector by 1.41%. Over the past week, IMEC Services has shown a significant return of 10.32%, and its year-to-date performance stands at an impressive 225.66%. The company has also reported outstanding financial results, including a net profit growth of 2685.23%, which has positively influenced investor sentiment.
In the broader market context, while the Sensex has remained relatively flat with a change of -0.01% over the past week, IMEC Services' strong performance highlights its resilience and attractiveness to investors. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. This contrasts sharply with the benchmark's year-to-date return of only 3.07%, underscoring the stock's exceptional performance relative to the market. Overall, the combination of strong financial results, consistent price gains, and increased investor interest has contributed to the stock's upward trajectory.