Why is ASM Technologies falling/rising?

As of 04-Nov, ASM Technologies Ltd's stock price is rising, currently at Rs 3,832.75, reflecting an increase of Rs 182.5 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.99% and has gained 10.25% over the past week. It has been on a consecutive gain for the last two days, reaching an intraday high of Rs 3,832.75. The stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 85.62% compared to the 5-day average. The company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.28 times, and has reported healthy long-term growth, with operating profit increasing at an annual rate of 56.24%.
In the broader market context, ASM Technologies has significantly outperformed the benchmark, with a year-to-date return of 179.97% compared to the Sensex's 6.81%. While the stock has experienced a decline of 7.80% over the past month, its strong performance over the longer term, including a 164.33% return over the past year, indicates robust market confidence. The company's consistent positive results over the last five quarters and its market-beating performance in both the near and long term contribute to the positive sentiment surrounding the stock, further supporting its recent price increase.