Why is Dixon Technolog. falling/rising?

As of 19-Aug, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 16,905.25, reflecting a rise of 148.7 points or 0.89%. The stock has shown strong performance recently, gaining 6.83% over the past week and 6.03% over the last month. It has been on a consecutive gain streak for four days, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 71.48% compared to the 5-day average. The company's strong fundamentals, highlighted by a return on equity of 21.32%, significant growth in net sales and profit, and consistent positive results over the last ten quarters, contribute positively to its recent price movement. However, the reduction in promoter confidence, with a 3.32% decrease in their stake, raises concerns about future business prospects.
In the broader market context, Dixon Technologies has outperformed the benchmark Sensex, which has only increased by 1.76% over the past week. The stock's strong performance relative to the benchmark, alongside its substantial returns over the past year of 32.24% compared to the Sensex's 1.52%, indicates a robust position in the market. Despite a year-to-date decline of 5.72%, the long-term growth trajectory, evidenced by a 324% increase over three years, suggests that the stock is well-positioned for continued investor interest, although the recent drop in promoter confidence could pose a risk to its future performance.