Why is Dixon Technolog. falling/rising?

As of 09-Jul, Dixon Technologies (India) Ltd is experiencing a rise in its stock price, currently at Rs 15,711.65, reflecting an increase of 241.6 points or 1.56%. The stock has shown positive momentum, gaining for the last four consecutive days with a total return of 4.31% during this period. Despite today's performance underperforming the sector by 0.83%, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company has demonstrated robust financial health, with a significant growth in net profit and sales, alongside a strong return on equity, which supports its positive stock movement.
In the broader market context, Dixon Technologies has outperformed the Sensex over the past week and month, with returns of 3.61% and 5.39%, respectively, compared to the benchmark's modest gains of 0.15% and 1.32%. This performance is bolstered by high institutional holdings, which suggest confidence in the company's long-term fundamentals. However, it is noteworthy that investor participation has declined, with delivery volume falling significantly, which could indicate a potential concern for future trading activity. Overall, the combination of strong financial results and positive market performance contributes to the stock's rising trend, despite some short-term challenges.