Why is Dixon Technolog. falling/rising?

As of 17-Jul, Dixon Technologies (India) Ltd is currently priced at 16,103.70, reflecting a slight increase of 6.5 points or 0.04%. The stock has been gaining momentum, with a consecutive rise over the last two days, resulting in a total return of 1.8% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 84.5% compared to the 5-day average. The company has demonstrated strong long-term fundamentals, including a robust return on equity of 21.32% and impressive growth in net sales and operating profit, which have grown at annual rates of 54.60% and 45.74%, respectively. Furthermore, the stock has outperformed the market with a 28.32% return over the past year, significantly higher than the BSE500's return of 0.26%.
In the broader market context, Dixon Technologies has shown a strong performance relative to the benchmark, with a 1-week return of 1.62% compared to the Sensex's decline of 1.12%. This indicates that the stock is not only resilient but also gaining traction amidst a challenging market environment. The company's high institutional holdings at 44.88% suggest confidence from larger investors, who typically have more resources to analyze company fundamentals. Despite some concerns regarding its valuation, with a high enterprise value to capital employed ratio, the stock's recent performance and strong fundamentals contribute to its upward movement, making it an attractive option for investors.