Why is IMEC Services falling/rising?

As of 10-Oct, IMEC Services Ltd is experiencing a price increase, currently at Rs. 429.25, reflecting a rise of 20.4 points or 4.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, with a remarkable return of 177.2% over this period. Additionally, the stock has outperformed its sector by 5.88% today 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 55.48% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, IMEC Services has significantly outperformed the Sensex, with a 1-week return of 27.58% compared to the benchmark's 1.59%, and an impressive year-to-date return of 595.82% against the Sensex's 5.58%. This stark contrast highlights the stock's strong performance relative to the market, reinforcing investor confidence despite the recent drop in trading volume. The overall bullish trend in the stock, coupled with its historical performance, suggests that it remains a strong investment choice, even as liquidity concerns arise from falling participation.