Why is Dixon Technolog. falling/rising?

As of 22-Jul, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at 16,112.20, reflecting a decrease of 167.5 points or 1.03%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 1.86% and 14.63%, respectively. Today's price summary indicates that Dixon Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 97.73% against the 5-day average. The company has demonstrated robust long-term fundamentals, including a high return on equity of 21.32% and impressive growth in net sales and operating profit. However, the stock is considered to have an expensive valuation, which may contribute to the current price decline.
In the broader market context, Dixon Technologies has outperformed the benchmark index, with a 1-week return of 1.86% compared to the Sensex's decline of 0.47%. Despite the recent price drop, the stock has generated a substantial return of 41.48% over the past year, significantly higher than the market's return of 2.09%. This strong performance is supported by high institutional holdings at 44.88%, indicating confidence from larger investors. However, the stock's high valuation metrics, including a PEG ratio of 1.4, may pose risks, especially if market sentiment shifts. Overall, while the stock has shown resilience and strong fundamentals, its current price movement reflects a complex interplay of valuation concerns and market dynamics.