Why is ASK Automotive falling/rising?

As of 08-Jul, ASK Automotive Ltd's stock price is currently at 516.00, reflecting a decrease of 4.1 points or 0.79%. The stock has been experiencing a downward trend, having lost 1.46% over the last two days. Despite this recent decline, the stock has shown strong performance over the past month with an increase of 11.54% and a notable 30.75% rise over the past year, significantly outperforming the broader market. The stock's moving averages indicate that it is performing better than the 20-day, 50-day, 100-day, and 200-day averages, although it is currently below the 5-day moving average. Additionally, there has been a rise in investor participation, with delivery volume increasing by 18.02% compared to the 5-day average, suggesting ongoing interest despite the recent price drop.
In the broader market context, the stock's short-term performance has been slightly negative compared to the benchmark, as the Sensex has shown a marginal gain of 0.02% over the past week while ASK Automotive has decreased by 0.89%. The company maintains a high management efficiency with a return on equity of 22.51% and a low debt-to-EBITDA ratio of 1.01, indicating strong financial health. Furthermore, the operating profit has grown at an impressive annual rate of 63.07%, supporting the stock's long-term growth potential. Despite the recent price decline, the stock's overall market-beating performance and solid fundamentals suggest that it remains a viable hold for investors.