Why is IMEC Services falling/rising?

As of 08-Oct, IMEC Services Ltd is experiencing a significant rise in its stock price, currently at Rs. 389.40, reflecting an increase of Rs. 18.5 or 4.99%. The stock has been on a remarkable upward trajectory, gaining 151.47% over the last 19 days and achieving a new 52-week and all-time high today. It has consistently outperformed its sector by 5.76% and is trading above all key moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 67.31% compared to the 5-day average, which could suggest a potential concern regarding sustainability of the current price levels.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.98% over the past week, IMEC Services has outperformed significantly with a 21.52% rise. This trend of outperformance is consistent across multiple time frames, with the stock showing a year-to-date increase of 531.22% compared to the Sensex's 4.65%. Such strong performance relative to the broader market highlights investor confidence in IMEC Services, despite the recent drop in trading volume, which may warrant monitoring for future price stability.