Why is Dixon Technolog. falling/rising?

As of 04-Aug, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 16,998.95, reflecting a rise of 150.95 or 0.9%. The stock has shown a positive trend, gaining 1.49% over the last three days and outperforming the benchmark Sensex with a 1.54% increase over the past week, while the Sensex only rose by 0.16%. Additionally, Dixon Technologies is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating strong momentum. The company has demonstrated robust long-term fundamentals, with a significant growth in net sales and operating profit, along with a consistent record of positive quarterly results over the last ten quarters. However, there are concerns regarding decreasing promoter confidence, as they have reduced their stake by 3.32%, which may signal uncertainty about the company's future.
In the broader market context, Dixon Technologies has outperformed the Sensex significantly over the past year, with a return of 45.87% compared to the benchmark's mere 0.05%. Despite the positive short-term performance, the stock's year-to-date return is down by 5.20%, contrasting with the Sensex's gain of 3.69%. This divergence highlights the stock's volatility and the potential impact of external market conditions on its performance. The liquidity of the stock remains adequate, although there has been a decline in investor participation, which could affect future price movements. Overall, while the stock is currently rising, the mixed signals from promoter activity and market participation warrant close monitoring.