Why is Dixon Technolog. falling/rising?

As of 17-Sep, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at Rs 18,071.90, down by Rs 32.5 or 0.18%. Despite this slight decrease, the stock has shown positive performance over the past month with an increase of 11.62% and a remarkable 28.40% rise over the last year. Today's trading activity indicates that the stock is performing in line with its sector, with a narrow trading range and moving averages indicating a generally upward trend. However, there are concerns regarding promoter confidence, as they have reduced their stake by 3.32%, which may reflect a lack of confidence in the company's future prospects. Additionally, while the company has strong fundamentals, including a high return on equity and significant growth in net profit, its valuation appears expensive relative to its peers.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 1.56% over the past week. Although Dixon Technologies has outperformed the Sensex in the long term, the recent decline in promoter stake and the expensive valuation may be contributing to investor caution. The stock's liquidity remains adequate, with rising delivery volumes, but the overall sentiment may be tempered by the recent negative signals from its promoters.