Why is ASM Technologies falling/rising?

As of 12-Sep, ASM Technologies Ltd is experiencing a price increase, currently at Rs 4,375.00, which reflects a rise of Rs 193.8 or 4.64%. The stock has recently hit a new 52-week and all-time high of Rs 4,390.25, demonstrating strong upward momentum. Over the past week, the stock has gained 23.12%, outperforming the sector by 4.44%. The company has shown consistent positive performance, with net sales growing significantly and a low debt-to-EBITDA ratio indicating strong financial health. Additionally, the stock has been on a consecutive gain streak for the last five days, supported by rising investor participation and trading above all key moving averages.
In the broader market context, ASM Technologies' impressive short-term performance stands in stark contrast to the Sensex, which has only increased by 1.48% over the same week. The stock's year-to-date return of 219.58% and 188.13% return over the past year further highlight its market-beating performance. While the company faces some valuation concerns, such as a high enterprise value to capital employed ratio, its strong growth metrics and consistent positive results over the last several quarters have contributed to the stock's rising price. Overall, the combination of robust financial performance and favorable market conditions has driven the stock's upward trajectory.