Why is ASM Technologies falling/rising?

As of 14-Jul, ASM Technologies Ltd is experiencing a price increase, currently at Rs 2,789.70, reflecting a rise of Rs 59.7 or 2.19%. The stock has shown strong performance, gaining 5.31% over the past week and 19.22% over the last month, significantly outperforming the Sensex, which has declined by 1.42% in the same week. The stock is also close to its 52-week high, just 3.2% away, and has been on a consecutive gain streak for the last two days, with a total return of 5.67% during this period. Furthermore, the company has demonstrated robust financial health, with a low Debt to EBITDA ratio and impressive growth in operating profit and net profit, contributing to positive investor sentiment.
In the broader market context, ASM Technologies' recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex significantly in both the short and long term. While the stock has generated an impressive 81.21% return over the past year, the Sensex has only increased by 2.15%. Despite some concerns regarding its high valuation and low domestic mutual fund ownership, the stock's strong fundamentals and consistent positive results over the last four quarters have bolstered investor confidence, leading to increased participation and liquidity in trading.