Why is Dixon Technolog. falling/rising?

As of 30-Jun, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 14,951.20, reflecting a rise of 472.35 or 3.26%. The stock has shown strong performance today, outperforming its sector by 0.62% and achieving a consecutive gain over the last three days with a total return of 5.56%. It reached an intraday high of Rs 15,099.15, indicating positive momentum. Over the past week, the stock has risen by 2.90%, while its one-month return stands at 1.77%. The company has demonstrated strong long-term fundamentals, with a remarkable growth in net profit of 388.08% and consistent positive results over the last nine quarters, which supports its recent upward movement.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has increased by 2.09% over the same week. The consumer durables sector, to which Dixon belongs, has also seen gains of 2.47%, contributing to a favorable environment for the stock. Additionally, rising investor participation, evidenced by an increase in delivery volume, suggests growing confidence among investors. Despite the stock's impressive performance, it is trading at a discount compared to its peers, indicating potential for further growth, although it carries some risks related to its valuation metrics.