Why is Dixon Technolog. falling/rising?

As of 10-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 15,846.90, reflecting a rise of 135.25 (0.86%). The stock has shown strong performance recently, gaining 5.16% over the past week and outperforming its sector by 0.52% today. It has been on a consecutive gain streak for the last five days, supported by positive investor sentiment as indicated by a 2.19% increase in delivery volume. Additionally, the stock is trading above its moving averages across various time frames, which typically signals bullish momentum. The company has demonstrated robust long-term fundamentals, with a significant growth in net profit and sales, alongside a strong return on equity, which bolsters investor confidence.
In the broader market context, Dixon Technologies has outperformed the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has a year-to-date decline of 11.62%, its performance over the last year has been impressive, with a return of 27.54%, indicating resilience compared to broader market trends. The high institutional ownership at 44.88% suggests that informed investors are backing the stock, further supporting its upward movement. Overall, the combination of strong financial results, positive market sentiment, and favorable trading conditions has contributed to the stock's recent rise.