Why is Dixon Technolog. falling/rising?

As of 24-Sep, Dixon Technologies (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 18,157.80, reflecting a change of 24.8 points or 0.14% upward. The stock has shown a positive trend, outperforming its sector by 0.31% today and has gained consecutively over the last two days, with a total return of 0.43% during this period. Over the past week, the stock has risen by 0.48%, while in the last month, it has increased by 7.52%. The company has demonstrated strong long-term fundamentals, with a robust average Return on Equity (ROE) of 21.32% and impressive growth in net sales and operating profit. However, there are concerns regarding reduced promoter confidence, as they have decreased their stake by 3.32%, which may indicate a lack of confidence in the company's future prospects.
In the broader market context, Dixon Technologies has outperformed the benchmark Sensex, which has declined by 1.18% over the past week, while the stock has shown resilience with a gain. Despite the stock's recent positive performance, it is important to note that the delivery volume has decreased significantly, indicating falling investor participation. The stock's liquidity remains adequate for trading, but the declining promoter stake could weigh on investor sentiment. Overall, while the stock is currently rising, the mixed signals from both strong fundamentals and concerns about promoter confidence suggest that investors should remain cautious.