Why is Dixon Technolog. falling/rising?

As of 31-Jul, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 16,839.40, reflecting a rise of 89.4 points or 0.53%. Despite opening the day with a loss of 2.36% and touching an intraday low of Rs 16,213.1, 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 shown a slight gain of 0.43%, while it has outperformed the benchmark Sensex, which has declined by 1.22%. The company has demonstrated strong long-term fundamentals, with a remarkable growth in net sales and operating profit, alongside a low debt-to-EBITDA ratio, which supports its positive outlook. However, the recent decrease in promoter stake by 3.32% raises concerns about confidence in the company's future.
Broader Market Context: In the context of the broader market, Dixon Technologies has significantly outperformed the BSE500 index, which has generated negative returns of 3.20% over the past year, while Dixon has achieved a return of 39.18%. This strong performance is notable given the overall market's struggles, particularly in the short term, where Dixon's 1-week return of 0.43% contrasts with the Sensex's decline. Despite the positive long-term fundamentals, the stock's recent price movement reflects mixed signals, including reduced investor participation and concerns regarding promoter confidence, which could impact future performance.