Why is ASK Automotive falling/rising?

As of 30-Jul, ASK Automotive Ltd's stock price is currently at 517.30, reflecting an increase of 10.3 or 2.03%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.96%. It outperformed its sector by 2.16% today and reached an intraday high of Rs 524. Despite a slight decline of 0.39% over the past week and 3.28% over the past month, the stock has demonstrated strong performance year-to-date with a return of 9.01% and an impressive 24.74% over the past year. The company benefits from high management efficiency, a low debt to EBITDA ratio, and healthy long-term growth, which contribute to its favorable market position.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has declined by 1.50% over the past week and 2.54% over the past month, ASK Automotive's year-to-date performance of 9.01% and annual return of 24.74% significantly surpasses the Sensex's 4.28% and 0.03%, respectively. This indicates that despite some recent short-term challenges, the stock is maintaining a strong position relative to the market. The rising investor participation and liquidity further support the stock's upward movement, suggesting confidence among investors in its future prospects.