Why is Dixon Technolog. falling/rising?

As of 16-Sep, Dixon Technologies (India) Ltd is experiencing a price increase, currently at 18,104.40, reflecting a rise of 115.4 points or 0.64%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 0.59%, while it has shown a significant increase of 11.82% over the past month. The company has demonstrated strong long-term fundamentals, with a return on equity of 21.32% and a net sales growth rate of 64.28%. However, there are concerns regarding decreasing promoter confidence, as they have reduced their stake by 3.32%, which may signal uncertainty about the company's future.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.58% over the past week. Despite this, Dixon Technologies has outperformed the Sensex over the last year, with a return of 29.49% compared to the benchmark's decline of 0.73%. The company's strong financial results, including a net profit growth of 106.61% and consistent positive results over the last ten quarters, contribute to its market-beating performance in the long term. However, the high valuation metrics and reduced promoter stake could pose risks to its continued upward movement.