Why is ASM Technologies falling/rising?

As of 17-Oct, ASM Technologies Ltd's stock price is currently at Rs 3,558.00, reflecting an increase of Rs 69.85, or 2.0%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. The stock reached an intraday high of Rs 3,605, representing a rise of 3.35%, while it dipped to a low of Rs 3,369, which was a decrease of 3.42%. Despite a recent downturn, the stock has shown strong long-term performance with a year-to-date increase of 159.90% and a remarkable 549.86% rise over the past three years. The company has also demonstrated robust financial health, with a low Debt to EBITDA ratio and significant growth in net sales and operating profit, contributing to rising investor confidence as promoters have increased their stake in the company.
In the broader market context, ASM Technologies' recent performance has outpaced the benchmark, as it has outperformed the sector by 3.39% today. However, over the past week and month, the stock has experienced declines of 5.85% and 15.68%, respectively, while the Sensex has shown positive returns of 1.76% and 1.52% in the same periods. This contrast highlights the stock's volatility in the short term, despite its strong long-term growth trajectory and positive financial indicators, suggesting that while the stock is currently rising, it has faced significant challenges recently compared to the broader market.