Why is ASM Technologies falling/rising?

As of 05-Sep, ASM Technologies Ltd is experiencing a decline in its stock price, currently at Rs 3,553.30, which reflects a decrease of 22.6 points or 0.63%. The stock has shown a trend reversal after two consecutive days of gains, and today it reached an intraday high of Rs 3,649.8, indicating some volatility. Despite this decline, the stock has outperformed its sector by 0.58% today. Over the past month, ASM Technologies has delivered a remarkable return of 24.92%, and year-to-date, it has surged by 159.55%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, which have contributed to its overall positive performance in the long term.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight increase of 1.13% over the past week. While ASM Technologies has outperformed the benchmark over the last year with a return of 137.20%, the current decline may be attributed to its very expensive valuation and the recent trend reversal. The stock's PEG ratio of 0.3 suggests that, despite its strong profit growth, it may be perceived as overvalued compared to its peers. This combination of factors, including a recent drop in price and the broader market's stability, may be influencing investor sentiment and contributing to the stock's current downward movement.