Why is IMEC Services falling/rising?

As of 24-Sep, IMEC Services Ltd is experiencing a significant rise in its stock price, currently at Rs. 251.20, reflecting an increase of Rs. 11.95 or 4.99%. The stock has been on a positive trajectory, gaining for the last 10 consecutive days and achieving a remarkable 62.22% return during this period. Today, it opened with a gain of 4.99% and reached a new 52-week and all-time high of Rs. 251.20. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Investor participation has also surged, with a delivery volume increase of 288.41% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, IMEC Services has significantly outperformed the Sensex, which has seen a decline of 1.18% over the past week while IMEC's stock has soared by 27.55%. Over the past month, IMEC has risen by 35.53%, contrasting with the Sensex's modest gain of 0.50%. This stark difference in performance highlights the stock's strong position relative to the market, further supported by its impressive year-to-date return of 307.20% compared to the Sensex's 4.58%. Overall, the combination of strong stock performance, increased investor interest, and favorable technical indicators contributes to the ongoing rise in IMEC Services' stock price.