Why is Dixon Technolog. falling/rising?

As of 08-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 15,470.05, with a change of 59.55 (0.39%) upward. The stock has shown a strong performance today, outperforming its sector by 0.64% and achieving a consecutive gain over the last three days, resulting in a total return of 2.66% during this period. In terms of returns, the stock has increased by 5.15% over the past week and 4.26% over the past month, while it has generated a remarkable 23.99% return over the last year, significantly outperforming the benchmark Sensex, which has only increased by 4.69% in the same timeframe. The company also boasts strong long-term fundamentals, with a high average Return on Equity (ROE) of 21.32% and impressive growth in net sales and profit, which have contributed to its positive momentum.
In the broader market context, Dixon Technologies' recent performance has been notably strong compared to the Sensex, particularly in the short term, where it has outpaced the benchmark significantly over the past week and month. Despite a decline in investor participation, as indicated by a 21.05% drop in delivery volume against the five-day average, the stock remains liquid enough for trading. The high institutional holdings at 44.88% suggest confidence from larger investors, which may bolster the stock's stability and growth potential. Overall, the combination of strong financial results, consistent positive performance, and favorable institutional interest supports the stock's upward movement in the current market environment.