Why is ASM Technologies falling/rising?

As of 23-Sep, ASM Technologies Ltd is experiencing a price increase, with its current price at Rs 4,563.85, reflecting a rise of 187.1 or 4.27%. The stock has recently outperformed its sector by 4.86% and has been on a gaining streak for the last three days, accumulating a total return of 9.69% during this period. Additionally, the stock has reached a new 52-week high today, indicating strong performance. Over the past week, ASM Technologies has shown a return of 5.55%, significantly outperforming the Sensex, which declined by 0.34%. The company has also demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.28 times and impressive operating profit growth of 56.24% annually, contributing to its positive momentum.
In the broader market context, ASM Technologies' recent performance stands in stark contrast to the Sensex, which has only gained 0.98% over the past month. The stock's long-term returns are also notable, with a year-to-date increase of 233.37% compared to the Sensex's 5.07%. Despite a slight decline in investor participation, as indicated by a 31.07% drop in delivery volume, the stock remains liquid enough for trading. While the stock is considered expensive with a high Enterprise value to Capital Employed ratio, its strong growth metrics and consistent positive results over the last five quarters suggest that investor confidence remains high, supporting the stock's upward trajectory.