Why is ASM Technologies falling/rising?

As of 11-Jul, ASM Technologies Ltd is experiencing a price increase, currently at 2,730.00, reflecting a rise of 90.0 points or 3.41%. The stock has shown strong performance today, outperforming its sector by 5.55% and reaching an intraday high of Rs 2,775, which is a 5.11% increase. Over the past week, the stock has gained 1.22%, while its one-month return stands at an impressive 22.21%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.28 times and significant growth in operating profit and net profit, which have increased by 108.95% and 193.32%, respectively. However, despite these positive factors, there is a notable decline in investor participation, with delivery volume falling by 47.82% against the five-day average.
In the broader market context, ASM Technologies has outperformed the Sensex, which has declined by 1.12% over the past week. The stock's year-to-date return of 99.42% significantly exceeds the Sensex's 5.58%, indicating strong market-beating performance. While the company has shown impressive growth and profitability, the lack of domestic mutual fund investment, which stands at 0%, may suggest caution among institutional investors regarding its valuation. Despite trading at a discount compared to its peers, the stock's high ROCE and low PEG ratio indicate that it may be perceived as expensive, which could affect future investor sentiment.