Why is Dixon Technolog. falling/rising?

As of 16-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, with its current price at Rs 16,097.20, reflecting a rise of Rs 279.0 or 1.76%. The stock opened with a gain of 3.54% today and reached an intraday high of Rs 16,428, indicating strong positive momentum. Despite a recent decline in delivery volume by 40.36% against the 5-day average, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 2.45%, and it has shown a remarkable return of 28.26% over the past year, significantly outperforming the market benchmark, which has only returned 0.47%. The company's strong fundamentals, including a high return on equity of 21.32% and impressive growth in net sales and profit, further bolster investor confidence.
In the broader market context, Dixon Technologies' recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex, which has declined by 1.08% over the past week. The company's high institutional holdings at 44.88% suggest that knowledgeable investors are backing its growth potential, which is supported by consistent positive results over the last nine quarters. However, there are concerns regarding its valuation, as indicated by a high enterprise value to capital employed ratio, which could pose risks if market conditions change. Overall, the combination of strong financial performance and favorable market sentiment appears to be driving the stock's upward movement.