Why is ASK Automotive falling/rising?

As of 25-Jun, ASK Automotive Ltd's stock price is rising, currently at Rs 501.30, reflecting an increase of Rs 20.3 or 4.22%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 13.42% during this period. It is also close to its 52-week high, just 1.53% away from Rs 508.95. The stock has outperformed its sector by 2.32% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company demonstrates high management efficiency with a return on equity (ROE) of 22.51% and a low debt to EBITDA ratio of 1.01, which supports its ability to service debt and contributes to its healthy long-term growth, as evidenced by an annual operating profit growth rate of 63.07%.
In the broader market context, ASK Automotive's performance over the past week shows a return of 10.66%, significantly outperforming the Sensex's 1.61% increase. Over the last month, the stock has risen by 14.07%, again surpassing the benchmark's 1.27% gain. This strong performance is further highlighted by a one-year return of 42.52%, which is much higher than the market's return of 3.43%. The rising investor participation, indicated by an increase in delivery volume, and the stock's liquidity also suggest a favorable trading environment, reinforcing the positive sentiment surrounding ASK Automotive.