Why is Dixon Technolog. falling/rising?

As of 26-Aug, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at Rs 16,677.35, which reflects a decrease of Rs 335.1 or 1.97%. Today's performance indicates that the stock has fallen after two consecutive days of gains, touching an intraday low of Rs 16,600, which is a drop of 2.42%. Despite this decline, the stock has outperformed its sector by 0.43%. Over the past week, the stock has decreased by 1.35%, and year-to-date, it has seen a significant decline of 6.99%, contrasting with a 24.74% increase over the past year. The company's strong long-term fundamentals, including a robust return on equity and consistent growth in net sales and profits, suggest underlying strength; however, the recent decrease in promoter stake by 3.32% raises concerns about confidence in the company's future.
Broader market context shows that the consumer durables sector, which includes Dixon Technologies, has also faced challenges, with a decline of 2.47%. The stock's short-term performance has underperformed the benchmark Sensex, which has decreased by 1.05% over the same week. This broader market weakness, combined with the company's recent price movements and the reduction in promoter confidence, may contribute to the stock's current downward trend. Despite the company's solid historical performance and market position, these factors indicate a cautious sentiment among investors.