Why is ASM Technologies falling/rising?

As of 04-Jul, ASM Technologies Ltd is experiencing a price increase, currently at Rs 2,697.00, reflecting a rise of 80.45 (3.07%). Today's price summary indicates that the stock has outperformed its sector by 2.36% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 2,698, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.01%, and it has demonstrated impressive returns of 126.75% over the last year, significantly outperforming the BSE500 index.
In the broader market context, while the Sensex has declined by 0.74% over the past week, ASM Technologies' strong performance highlights its resilience and market-beating capabilities. The company has shown robust financial health with a low Debt to EBITDA ratio of 1.28 times and impressive growth in operating profit and net profit. These factors contribute to a positive outlook for the stock, reinforcing its upward movement despite a slight decrease in investor participation, as indicated by a 9.36% drop in delivery volume. Overall, the combination of strong financial results and favorable market performance supports the stock's rising trend.