Why is Dixon Technolog. falling/rising?

As of 24-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 16,767.80, reflecting a rise of 213.85 or 1.29%. The stock has shown strong performance recently, gaining 4.07% over the last two days and outperforming the benchmark Sensex, which has seen a slight decline of 0.09% over the same period. Additionally, Dixon Technologies is trading above its moving averages across various time frames, indicating positive momentum. The company has demonstrated robust fundamentals, with a significant growth in net profit of 106.61% and consistent positive results over the last ten quarters, contributing to investor confidence and rising participation, as evidenced by a 69.39% increase in delivery volume.
In the broader market context, Dixon Technologies has outperformed the Sensex over the past week and month, with returns of 4.12% and 15.72%, respectively, compared to the benchmark's minimal gains. The stock's strong institutional holdings at 44.88% suggest a solid backing from knowledgeable investors, further supporting its upward trajectory. Despite its high valuation metrics, the company's impressive growth rates and market-leading position within its sector have attracted positive sentiment, contributing to its rising stock price.