Why is Asi Industries falling/rising?

As of 27-Jun, Asi Industries Ltd's stock price is currently at Rs 36.36, reflecting an increase of Rs 1.83 or 5.3%. The stock has shown strong performance recently, gaining 10.18% over the last two days and outperforming its sector by 5.59% today. It reached an intraday high of Rs 37, indicating positive momentum. Over the past year, the stock has generated a return of 27.53%, significantly higher than the market's average return of 4.10%. The company benefits from a low debt-to-equity ratio of 0.17 and a healthy long-term growth rate in operating profit of 77.65%, contributing to its attractive valuation.
In the broader market context, the stock's short-term return of 10.02% over the past week outpaces the Sensex's return of 2.00%, highlighting its strong performance relative to the benchmark. This rising investor participation, evidenced by a 339.17% increase in delivery volume, suggests growing confidence in the stock. Despite a year-to-date decline of 29.18%, the recent gains and positive fundamentals indicate a potential turnaround, supported by the company's solid financial metrics and market-beating performance.