Why is IMEC Services falling/rising?

As of 17-Sep, IMEC Services Ltd is experiencing a price increase, currently at Rs 196.95, which reflects a rise of 9.35 or 4.98%. The stock has shown strong performance recently, gaining 27.19% over the past week and outperforming its sector by 5.24% today. It has been on a consecutive gain streak for the last five days, and it opened with a significant gap up of 4.74%. Despite a slight decline of 3.88% over the past month, the stock has impressive year-to-date returns of 219.26% and an extraordinary 1489.59% increase 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 soaring by 1,181.28%. However, it is important to note that the company is facing operating losses and has a weak long-term fundamental strength, which may pose risks to its valuation.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has only gained 1.56% over the past week. The stock's remarkable returns over the long term, including a 6576.27% increase over three years, highlight its strong market position. However, the company’s high level of pledged promoter shares (65.48%) and its negative EBITDA indicate potential risks that could affect investor sentiment in the future. While the stock is currently liquid and trading above its moving averages, the weak EBIT to interest ratio of -13.73 raises concerns about its ability to service debt, suggesting that while the stock is rising now, underlying issues could impact its sustainability.