Why is Dixon Technolog. falling/rising?

As of 05-Sep, Dixon Technologies (India) Ltd is experiencing a slight decline in its stock price, currently at Rs 17,827.00, reflecting a decrease of Rs 10.4 or 0.06%. The stock has shown a trend reversal, falling after two consecutive days of gains, and has traded within a narrow range of Rs 167.9. Despite this recent dip, the stock has performed well over the past week and month, with returns of 6.84% and 5.87%, respectively. However, it has underperformed year-to-date with a decline of 0.58% compared to the Sensex's increase of 3.29%. The company has strong long-term fundamentals, including a robust return on equity of 21.32% and significant growth in net sales and profit, but there are concerns regarding decreasing promoter confidence, as they have reduced their stake by 3.32%.
Broader Market Context: In the short term, Dixon Technologies has outperformed the benchmark Sensex, which has only increased by 1.13% over the past week. However, the stock's recent performance is tempered by a decline in investor participation, with delivery volume falling by 15.77% against the five-day average. This reduction in trading activity may indicate a lack of confidence among investors, despite the company's strong financial results and market position. The stock's expensive valuation and the decreasing stake of promoters could also contribute to the current downward pressure on its price, despite its historical performance and growth metrics.