Why is Dixon Technolog. falling/rising?

As of 02-Sep, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at 17,548.90, which reflects a decrease of 36.65 points or 0.21%. Despite this recent drop, the stock had shown positive momentum prior, with a 5.23% increase over the past week and a 4.23% rise over the past month. Today's price movement is characterized as inline with the sector, although it has reversed after two consecutive days of gains. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 72.84% against the 5-day average. However, the stock's year-to-date performance shows a decline of 2.13%, contrasting with a 2.58% gain in the benchmark Sensex.
In the broader market context, while Dixon Technologies has outperformed the Sensex over the past week and month, it has lagged year-to-date, reflecting a mixed performance relative to the market. The company boasts strong long-term fundamentals, including a robust return on equity and significant growth in net sales and profit. However, concerns about reducing promoter confidence, as indicated by a 3.32% decrease in their stake, may be contributing to the stock's recent price decline. Additionally, despite its strong historical returns, the stock's high valuation metrics, such as a PEG ratio of 1.5, could be causing some investors to reassess their positions, leading to the current downward movement.