Why is ASM Technologies falling/rising?

As of 25-Jun, ASM Technologies Ltd is currently priced at 2,742.45, reflecting a decrease of 20.9 points or 0.76%. The stock reached a new 52-week high of Rs 2,879 earlier in the day but has since fallen after three consecutive days of gains. Despite this decline, the stock has shown impressive performance over various periods, with a 34.03% increase over the past month and a remarkable 119.75% rise over the last year. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 1.28 times and significant growth in net profit and operating profit. However, the stock is considered expensive with a high Enterprise value to Capital Employed ratio, and the lack of domestic mutual fund investment may indicate caution among institutional investors.
In the broader market context, ASM Technologies has outperformed the Sensex significantly, with a 7.04% increase over the past week compared to the benchmark's 1.61% rise. This trend of outperformance is consistent over longer periods, with the stock achieving a year-to-date return of 100.33% against the Sensex's 5.91%. Despite the recent price drop, the stock's overall trajectory remains strong, supported by rising investor participation and consistent returns over the last three years. However, the recent underperformance relative to its sector by 2.34% today may reflect market volatility or profit-taking after a substantial rally.