Why is Dixon Technolog. falling/rising?

As of 18-Sep, Dixon Technologies (India) Ltd is experiencing a price increase, currently at Rs 18,327.00, reflecting a rise of 255.1 points or 1.41%. The stock is trading close to its 52-week high, just 4.49% away from Rs 19,149.8, and has outperformed its sector by 0.39% today. Over the past week, the stock has gained 1.62%, and in the last month, it has risen by 9.37%. Notably, Dixon has shown strong long-term growth, with a remarkable 311.96% increase over three years and a 30.67% rise over the past year. The company has consistently reported positive results for the last ten quarters, with a significant net profit growth of 106.61% in June 2025, contributing to its strong buy sentiment despite a slight decrease in promoter confidence.
In the broader market context, the stock's recent performance has been slightly below the benchmark Sensex, which has increased by 1.80% over the past week and 2.14% over the last month. While Dixon's performance has been strong, the decline in promoter stake by 3.32% may raise concerns about future business confidence. However, the company's robust fundamentals, including a high return on equity and significant sales growth, continue to support its upward price movement. Overall, despite some risks, the stock's strong financial performance and market position contribute positively to its rising price.