Why is ASK Automotive falling/rising?

As of 04-Jul, ASK Automotive Ltd's stock price is currently at 523.65, reflecting an increase of 3.15 (0.61%). The stock has been gaining for the last two days, with a total return of 1.77% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past month, the stock has risen by 17.94%, significantly outperforming the Sensex, which has only increased by 3.01%. Additionally, the company demonstrates strong fundamentals, including a high return on equity (ROE) of 22.51% and a low debt-to-EBITDA ratio of 1.01 times, suggesting efficient management and a solid ability to service its debt.
In the broader market context, ASK Automotive's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex over the past week, with a slight decline of only 0.09% versus the Sensex's 0.74% drop. Despite a recent decline in investor participation, with delivery volume falling by 38.53% against the 5-day average, the stock's overall performance remains strong, with a 32.44% return over the past year, far exceeding the market's average return of 4.23%. This combination of strong stock performance, solid fundamentals, and favorable comparisons to the broader market contributes to the stock's rising price.