Why is ASM Technologies falling/rising?

As of 22-Jul, ASM Technologies Ltd's stock price is rising, currently at Rs 3,197.00, reflecting an increase of Rs 76.95 or 2.47%. The stock has recently hit a new 52-week and all-time high of Rs 3,270, demonstrating strong performance with a 12.97% gain over the last three days. It has outperformed its sector by 2.69% today and is trading above all key moving averages, indicating positive momentum. The company has shown impressive returns, with a year-to-date increase of 133.53% and a one-year return of 122.63%. Positive factors contributing to this rise include a low Debt to EBITDA ratio of 1.28, significant growth in net profit of 193.32%, and consistent positive results over the last four quarters, which bolster investor confidence.
In the broader market context, ASM Technologies has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.47% over the past week, while ASM Technologies has gained 8.95% in the same period. This stark contrast highlights the stock's strong market position and investor interest, particularly as delivery volume has surged by 207.18% against the five-day average. However, it is worth noting that despite its strong performance, domestic mutual funds hold no stake in the company, which may suggest some caution among institutional investors regarding its valuation.