Why is Dixon Technolog. falling/rising?

As of 07-Aug, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 16,656.00, reflecting a rise of 143.95 or 0.87%. Today, the stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 0.48%. Despite a recent drop in delivery volume, which fell by 35% against the 5-day average, the stock remains liquid enough for trading. Over the past week, the stock has underperformed with a return of -1.09%, but it has performed well over the past month with an increase of 8.08%. The company has demonstrated strong long-term fundamentals, including a robust return on equity of 21.32% and significant growth in net sales and operating profit, which have contributed positively to its recent price movement.
In the broader market context, while the Sensex has declined by 0.69% over the past week, Dixon Technologies has shown resilience with its positive monthly performance. However, the stock's year-to-date return of -7.11% contrasts with the Sensex's gain of 3.18%, indicating some challenges in the current market environment. The reduction in promoter confidence, with a 3.32% decrease in their stake, raises concerns about future prospects, which could impact investor sentiment. Nevertheless, the company's consistent returns over the last three years and strong financial results, including a 106.61% growth in net profit, provide a foundation for its current upward price movement despite the risks involved.