Why is ASM Technologies falling/rising?

As of 20-Aug, ASM Technologies Ltd is experiencing a significant rise in its stock price, currently at 3,537.45, reflecting an increase of 233.25 or 7.06%. The stock has shown strong performance today, hitting a new 52-week and all-time high of Rs 3,634.6, with an intraday gain of 10%. It has outperformed its sector by 4.63% and has been on a consecutive gain streak for the last five days, accumulating a total return of 34.54% during this period. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.28 times and impressive operating profit growth of 56.24% annually. Furthermore, it has consistently declared positive results for the last five quarters, contributing to its strong market performance, including a remarkable 158.40% return year-to-date.
In the broader market context, ASM Technologies has significantly outperformed the Sensex, which has only increased by 1.64% over the past week, while ASM's stock has surged by 30.78% in the same timeframe. This stark contrast highlights the stock's strong momentum relative to the benchmark. Additionally, the IT - Software sector has gained by 2.37%, further supporting the stock's rise. However, it is worth noting that despite its impressive returns, domestic mutual funds hold no stake in the company, which may indicate some caution regarding its valuation, as the stock is considered very expensive with a high Enterprise value to Capital Employed ratio.