Why is Dixon Technolog. falling/rising?

As of 25-Aug, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 17,012.45, reflecting a rise of 124.45 points or 0.74%. The stock has shown a positive trend recently, gaining 1.71% over the last two days and outperforming the benchmark Sensex over the past week and month with returns of 1.53% and 1.81%, respectively. Today's performance indicates that the stock touched an intraday high of Rs 17,285, and it is trading above all key moving averages, which suggests strong momentum. The company has demonstrated robust long-term fundamentals, with a significant growth in net sales and net profit, alongside a healthy return on equity. However, a slight concern arises from the reduction in promoter stake, which may indicate a lack of confidence in future performance.
In the broader market context, Dixon Technologies has outperformed the Sensex in the short term, with a 1.53% return over the past week compared to the Sensex's 0.45%. Despite a year-to-date decline of 5.12%, the stock has shown impressive growth over longer periods, including a 28.16% increase over the past year and a staggering 317.46% over the last three years. This strong performance contrasts with the broader market, where the Sensex has gained 4.48% year-to-date. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor interest, which supports its upward price movement.