Why is IMEC Services falling/rising?

As of 26-Aug, IMEC Services Ltd is experiencing a decline in its stock price, currently at 178.05, which reflects a decrease of 3.6 or 1.98%. The stock has been on a downward trend, losing value for the past seven days and accumulating a total decline of 13.1% during this period. Despite positive financial results over the last three consecutive quarters, including significant growth in net sales and profit after tax, the stock's performance has been negatively impacted by operating losses and a weak long-term fundamental strength. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the downward pressure on its price.
In the broader market context, IMEC Services' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex by 9.55% over the past week, while the benchmark itself has only declined by 1.05%. Although the stock has shown remarkable long-term growth, with a staggering 2109.06% return over the past year, its recent struggles highlight concerns regarding its ability to sustain such growth amidst operating losses and a high percentage of pledged promoter shares. This combination of factors suggests that while the stock has historically outperformed the market, current conditions are leading to a decline in its price.