Why is IMEC Services falling/rising?

As of 18-Sep, IMEC Services Ltd's stock price is rising, currently at Rs. 206.75, reflecting an increase of 9.8 points or 4.98%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 4.58%. It has experienced consecutive gains over the last six days, accumulating a remarkable 33.52% return during this period. Additionally, the stock's performance has been exceptional over the long term, with a year-to-date increase of 235.14% and a staggering 1490.38% rise over the past year. However, despite these positive indicators, the company faces challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -13.73. Furthermore, 65.48% of promoter shares are pledged, which could exert downward pressure on the stock in adverse market conditions.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has only increased by 1.80% over the past week, while IMEC's stock surged by 27.54% in the same timeframe. This stark contrast highlights the stock's strong performance relative to the benchmark. However, the recent decline in investor participation, with delivery volume dropping by 67.52% against the five-day average, raises concerns about liquidity and market interest. While the stock's impressive returns and positive quarterly results suggest strong momentum, the underlying financial weaknesses and high promoter share pledges introduce risks that could affect future performance.