Why is ASK Automotive falling/rising?

As of 04-Sep, ASK Automotive Ltd's stock price is currently at Rs 519.80, reflecting an increase of 3.85 or 0.75%. The stock has shown strong performance recently, gaining 8.07% over the past week and 11.49% over the past month. It has outperformed its sector by 1.51% today and has been on a consecutive gain streak for the last five days. The stock also reached an intraday high of Rs 529, indicating positive momentum. Additionally, the company boasts a high return on equity (ROE) of 22.51% and a low debt-to-EBITDA ratio of 1.01, which underscores its strong management efficiency and ability to service debt. Furthermore, the operating profit has grown at an impressive annual rate of 63.07%, contributing to healthy long-term growth prospects.
Broader market context indicates that while the BSE500 index has experienced negative returns of -4.38% over the past year, ASK Automotive has managed to achieve a return of 14.10% in the same period, showcasing its market-beating performance. The stock's recent gains are further supported by rising investor participation, with a significant increase in delivery volume, which has risen by 57.15% against the five-day average. This combination of strong company fundamentals and favorable market conditions has contributed to the stock's upward movement.