Why is IMEC Services falling/rising?

As of 18-Nov, IMEC Services Ltd is experiencing a decline in its stock price, currently at Rs 241.70, which represents a decrease of 12.7 points or 4.99%. The stock has been underperforming, having lost 18.48% over the last four consecutive days. It opened today with a loss of 4.99% and has not fluctuated from this price point. Despite a strong year-to-date return of 291.80% and an impressive 593.54% increase over the past year, the stock's recent performance has been negatively impacted by a significant drop in investor participation, with delivery volume falling by 80.7% compared to the five-day average. The company has shown positive financial results over the last four quarters, with net sales and profit after tax increasing significantly, which indicates strong fundamentals; however, the recent price movement suggests a disconnect between these fundamentals and market sentiment.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, as it has declined by 14.94% over the past week while the Sensex has gained 0.96%. This stark contrast highlights the stock's recent struggles despite its long-term outperformance, where it has consistently beaten the BSE500 over various periods. The combination of falling investor interest and the stock's consecutive price drops may be contributing to a cautious market outlook, overshadowing its strong historical returns and attractive valuation metrics.