Why is IMEC Services falling/rising?

As of 12-Sep, IMEC Services Ltd's stock price is currently at 170.20, reflecting an increase of 8.1, or 5.0%. The stock has been gaining momentum recently, with a performance today that outperformed its sector by 5.03% and has seen consecutive gains over the last two days, accumulating a total return of 9.91% in that period. Despite a decline of 13.60% over the past month, the stock has shown remarkable long-term performance, with a year-to-date increase of 175.90% and an astonishing 1489.17% rise over the past year. The company has reported positive results for the last three consecutive quarters, with net sales growing by 490.97% and profit after tax increasing by 1181.28%. However, the stock is also facing challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -13.73. Additionally, 65.48% of promoter shares are pledged, which could exert downward pressure in a falling market.
In the broader market context, IMEC Services has outperformed the Sensex in the short term, with a 1-week return of 5.26% compared to the Sensex's 1.48%. This strong performance highlights the stock's ability to attract investor interest despite the risks associated with its financial health. While the stock has shown significant gains over the long term, the recent decline in delivery volume and the high percentage of pledged shares may raise concerns among investors about its sustainability. Overall, while the stock is currently rising, the underlying financial weaknesses and market conditions could pose risks moving forward.