Why is ASM Technologies falling/rising?

As of 25-Jul, ASM Technologies Ltd is experiencing a decline in its stock price, currently at Rs 3,009.25, which reflects a decrease of Rs 178.75 or 5.61%. Today's price summary indicates that the stock underperformed its sector by 4.14%, touching an intraday low of Rs 2,930, which is an 8.09% drop. Despite a strong performance over the past year with a return of 94.36%, the stock has seen a significant fall in investor participation, with delivery volume decreasing by 68.22% against the 5-day average. The company has demonstrated strong financials, including a low Debt to EBITDA ratio of 1.28 times and impressive growth in net profit and operating profit, but its high valuation metrics and lack of domestic mutual fund investment may be contributing to the current downward pressure on the stock.
In the broader market context, ASM Technologies has outperformed the Sensex over various periods, including a 9.73% increase over the past month compared to a 1.56% decline in the benchmark. However, the stock's recent performance contrasts sharply with its historical returns, as it is currently facing a significant drop despite its long-term growth potential. The market may be reacting to the stock's high valuation and the lack of confidence from domestic mutual funds, which could indicate concerns about its current price level. Overall, while the company has shown strong fundamentals, the recent price movement suggests that investors are cautious, leading to the stock's decline.