Why is ASM Technologies falling/rising?

As of 07-Nov, ASM Technologies Ltd is experiencing a price increase, currently at Rs 4,104.90, reflecting a rise of Rs 179.35 or 4.57%. The stock has shown strong performance recently, gaining 18.08% over the past week and outperforming its sector by 5.19% today. It has also been on a consecutive gain streak for the last four days. The stock reached an intraday high of Rs 4,121.8, while the low was Rs 3,762.65. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has demonstrated a strong ability to service debt with a low Debt to EBITDA ratio of 1.28 times, and it has reported healthy long-term growth with an annual operating profit growth rate of 56.24%. Positive results over the last five consecutive quarters have further bolstered investor confidence.
In the broader market context, ASM Technologies has significantly outperformed the benchmark, with a year-to-date return of 199.85% compared to the Sensex's 6.50%. This strong performance is particularly notable given the stock's 1-year return of 168.12% against the Sensex's 4.62%. The recent rise in investor participation, with a 160.01% increase in delivery volume, also reflects growing confidence in the stock. Overall, the combination of strong financial performance, positive market sentiment, and favorable technical indicators has contributed to the stock's upward movement.