Why is Vimta Labs falling/rising?

As of 21-Aug, Vimta Labs Ltd is experiencing a price increase, with the current price at Rs 710.45, reflecting a rise of Rs 3.4 or 0.48%. The stock has shown strong performance recently, gaining 15.9% over the last six days and is currently trading close to its 52-week high, just 2.6% away from Rs 728.95. Additionally, Vimta Labs has outperformed its sector by 0.42% today and is trading above all key moving averages. The company has demonstrated impressive long-term growth, with an annual operating profit increase of 78.76%, and has reported positive results for the last three consecutive quarters, contributing to its strong upward momentum.
In the broader market context, Vimta Labs has significantly outperformed the Sensex, with a 1-week return of 7.48% compared to the benchmark's 1.74%, and a remarkable 1-year return of 174.07% versus the Sensex's 1.35%. This strong performance is indicative of rising investor confidence, as evidenced by a substantial increase in delivery volume, which rose by 98.74% against the 5-day average. The stock's low debt-to-equity ratio further supports its stability and attractiveness to investors, reinforcing its position as a strong performer in both the near and long term.