Why is ASM Technologies falling/rising?

As of 21-Aug, ASM Technologies Ltd is experiencing a price increase, currently at Rs 3,610.75, which reflects a rise of 73.3 points or 2.07%. The stock has shown a remarkable performance, gaining 37.33% over the last six days and outperforming its sector by 1.94% today. It reached a new 52-week high of Rs 3,647.95, indicating strong investor interest. The stock's performance over various periods is impressive, with a year-to-date return of 163.75% and a one-year return of 125.39%, significantly surpassing the Sensex's returns during the same timeframe. The company's strong financial health, characterized by a low Debt to EBITDA ratio of 1.28 times and consistent positive results over the last five quarters, supports its upward price movement.
In the broader market context, ASM Technologies has outperformed the benchmark Sensex, which has only returned 1.74% over the past week, while the stock itself has surged by 32.02%. This divergence highlights the stock's strong market position and investor confidence. Despite its high valuation, indicated by a ROCE of 16.8 and a PEG ratio of 0.3, the stock remains attractive due to its robust growth metrics, including a 56.24% annual growth in operating profit and a 7.34% increase in net sales. The rising investor participation, evidenced by a significant increase in delivery volume, further underscores the stock's liquidity and appeal in the current market environment.