Why is Dixon Technolog. falling/rising?

As of 04-Sep, Dixon Technologies (India) Ltd is currently priced at 17,837.40, reflecting an increase of 67.4 points or 0.38%. The stock has been gaining for the last two days, with a total return of 1.64% during this period. It is trading above all its moving averages, indicating positive momentum. Over the past week, the stock has outperformed the Sensex, with a return of 7.04% compared to the benchmark's 0.80%. Despite this positive movement, there is a notable decline in investor participation, with delivery volume falling by 38.85% against the five-day average. The company has demonstrated strong long-term fundamentals, including a robust return on equity of 21.32% and significant growth in net sales and profits, which have contributed to its strong buy recommendation. However, a decrease in promoter stake by 3.32% may signal reduced confidence in the company's future prospects.
In the broader market context, Dixon Technologies has shown resilience, particularly in the short term, where it has outperformed the Sensex significantly over the past week and month. While the stock has generated a return of 39.44% over the past year, the benchmark has declined by 1.98% during the same period. This indicates that Dixon Technologies is not only performing well relative to its historical performance but also in comparison to the overall market. Despite the positive returns, the stock's valuation appears expensive, and the reduction in promoter confidence could pose risks to its future performance.