Why is Dixon Technolog. falling/rising?

As of 22-Aug, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 16,888.00, reflecting a rise of 161.7 points or 0.97%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it reached an intraday high of Rs 17,070, which is a 2.05% increase. Over the past week, the stock has outperformed the Sensex, with a return of 4.25% compared to the benchmark's 0.88%. Despite a decline in investor participation, as indicated by a 43.56% drop in delivery volume, the stock remains liquid enough for trading. The company has demonstrated strong long-term fundamentals, with a robust average return on equity of 21.32% and impressive growth in net sales and operating profit, which supports its recent price movement.
In the broader market context, Dixon Technologies has outperformed the Sensex over the past week and month, with a 4.25% increase in the last week compared to the Sensex's 0.88% gain. However, the stock has underperformed year-to-date, showing a decline of 5.82% against the Sensex's 4.05% increase. While the company has consistently delivered positive results over the past ten quarters, the recent decrease in promoter confidence, with a 3.32% reduction in their stake, may raise concerns about future performance. Despite this, the stock's strong historical returns, particularly a 31.25% increase over the past year, suggest that investor sentiment remains relatively positive, contributing to its current price rise.