Why is Dixon Technolog. falling/rising?

As of 12-Aug, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at 15,823.95, which reflects a decrease of 266.3 points or 1.66%. Today's performance indicates that the stock has underperformed its sector by 0.49%. In terms of returns, the stock has seen a 6.02% drop over the past week and an 11.75% decline year-to-date, although it has shown a strong performance over the last year with a return of 34.73%. Despite this, the stock's recent movement is influenced by a combination of strong long-term fundamentals, such as a healthy growth rate in net sales and operating profit, and concerns regarding reducing promoter confidence, as they have decreased their stake by 3.32%.
In the broader market context, Dixon Technologies has underperformed the benchmark Sensex, which has only declined by 0.59% over the past week. This underperformance is notable given that the stock's year-to-date performance is significantly worse than the Sensex's gain of 2.68%. The stock's liquidity remains adequate, with a delivery volume increase of 49.52% against the five-day average, suggesting some investor interest. However, the expensive valuation and the decrease in promoter confidence may be contributing to the stock's current downward trend, overshadowing its strong historical performance and growth metrics.