Why is ASM Technologies falling/rising?

As of 26-Aug, ASM Technologies Ltd is currently priced at Rs 3,853.45, reflecting a decrease of Rs 16.3 or 0.42%. The stock has experienced a trend reversal after eight consecutive days of gains, touching an intraday low of Rs 3,750, which is a decline of 3.09%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 16.62% and 28.05%, respectively. The company has consistently reported positive results over the last five quarters, with significant growth in net sales and profit after tax. However, the stock's high valuation, indicated by a ROCE of 16.8 and a PEG ratio of 0.4, may be contributing to some investor caution, especially as delivery volume has decreased slightly.
In the broader market context, ASM Technologies has outperformed the benchmark Sensex significantly, generating a year-to-date return of 181.48% compared to the Sensex's 3.39%. This strong performance highlights the company's ability to generate substantial returns relative to the market. However, the recent decline in the stock price may reflect a natural correction after a prolonged period of gains, combined with a slight decrease in investor participation. Overall, while the stock has shown impressive long-term growth, the current price movement suggests a temporary setback amidst a backdrop of strong historical performance.