Why is Dixon Technolog. falling/rising?

As of 02-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 15,163.85, reflecting a rise of Rs 451.7 or 3.07%. The stock has shown strong performance today, touching an intraday high of Rs 15,249.95, which is a 3.66% increase. In the past week, the stock has risen by 7.07%, outperforming the Sensex, which has only increased by 0.79%. Despite a year-to-date decline of 15.43%, the stock has delivered a robust 21.20% return over the past year and an impressive 321.97% over the last three years. The company has demonstrated strong long-term fundamentals, with a healthy growth rate in net sales and operating profit, alongside a low debt to EBITDA ratio, which supports its ability to service debt effectively.
In the broader market context, the stock's recent performance is in line with the Consumer Durables - Electronics sector, which has gained 3.05%. However, there has been a noted decline in investor participation, with delivery volume falling by 20.91% against the five-day average. Despite this, the stock remains liquid enough for trading, with high institutional holdings at 44.88%, indicating confidence from larger investors. Overall, while Dixon Technologies has faced some short-term challenges, its strong fundamentals and market position contribute positively to its recent price movement.