Why is ASM Technologies falling/rising?

As of 25-Aug, ASM Technologies Ltd is experiencing a price increase, currently at Rs 3,869.75, which reflects a rise of 78.5 points or 2.07%. The stock has been on an upward trajectory, gaining for the last eight consecutive days and achieving a remarkable 47.18% return during this period. Today, it reached a new 52-week and all-time high of Rs 3,980.8, although it underperformed its sector by 0.33%. The stock's performance over the past week shows an impressive 28.83% increase, significantly outpacing the Sensex's modest gain of 0.45%. The company's strong financial health, indicated by a low Debt to EBITDA ratio of 1.28 times and substantial growth in net sales and operating profit, supports its recent price movement.
In the broader market context, while ASM Technologies has outperformed the benchmark indices over various periods, including a staggering 182.67% year-to-date return compared to the Sensex's 4.48%, the stock's recent performance is also influenced by a slight decline in investor participation, as evidenced by a 0.9% drop in delivery volume against the five-day average. Despite this, the stock remains liquid enough for trading, and its performance in the IT - Software sector, which has gained 2.38%, adds to its positive outlook. The company's ability to consistently deliver outstanding results over the last five quarters further reinforces investor confidence, contributing to its rising stock price.