Why is Dixon Technolog. falling/rising?

As of 07-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 15,410.50, reflecting a rise of 218.2 points or 1.44%. The stock has shown a positive trend, gaining 2.26% over the last two days and outperforming the Sensex, which has declined by 0.20% over the past week. Additionally, Dixon Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The company has demonstrated robust long-term fundamentals, with a significant growth in net sales and profit, alongside a high return on equity of 21.32%. However, there has been a notable decline in investor participation, with delivery volume falling by 45.63% against the 5-day average, which could be a concern for future price stability.
Broader Market Context: In the short term, Dixon Technologies has outperformed the benchmark, with a 3.07% increase over the past week compared to the Sensex's slight decline. This performance is indicative of the stock's resilience and strong fundamentals, especially given its substantial growth in net profit and sales over recent quarters. The company’s high institutional holdings at 44.88% suggest confidence from larger investors, which can further support the stock's price. Overall, while the stock is currently rising, the decrease in delivery volume may warrant caution regarding sustained momentum in the face of broader market conditions.