Why is ASK Automotive falling/rising?

As of 29-Jul, ASK Automotive Ltd's stock price is currently at Rs 507.00, reflecting an increase of Rs 4.55, or 0.91%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite today's performance, which underperformed the sector by 1.15%, the stock has a strong long-term growth outlook with an annual operating profit growth rate of 63.07%. The company also boasts high management efficiency, indicated by a return on equity (ROE) of 22.51% and a low debt to EBITDA ratio of 1.01 times, which supports its ability to service debt effectively. Over the past year, ASK Automotive has outperformed the broader market, generating a return of 21.51% compared to the BSE500's negative return of -2.26%.
In the broader market context, the stock has underperformed the benchmark over the past week and month, with returns of -2.16% and -3.26%, respectively, while the Sensex has seen declines of -1.03% and -3.24%. However, year-to-date, ASK Automotive has outperformed the Sensex, which has returned 4.09% compared to the stock's 6.84%. The recent increase in investor participation, with a significant rise in delivery volume, suggests a growing interest in the stock, which may contribute to its price stabilization and potential recovery despite recent fluctuations.