Why is Dixon Technolog. falling/rising?

As of 29-Sep, Dixon Technologies (India) Ltd is experiencing a decline in its stock price, currently at Rs 16,674.65, which reflects a decrease of Rs 834.1 or 4.76%. The stock has underperformed its sector by 0.35% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.34%. In terms of returns, the stock has seen a 7.77% decline over the past week and a 7.01% decline year-to-date, although it has performed well over the past year with an 18.54% increase. The stock's recent performance is influenced by a combination of strong long-term fundamentals, including a high return on equity and consistent growth in net sales and profits, but is also tempered by concerns such as decreasing promoter confidence and an expensive valuation relative to its peers.
In the broader market context, the Sensex has only declined by 2.18% over the past week and has gained 2.85% year-to-date, indicating that Dixon Technologies is underperforming compared to the overall market. The consumer durables sector, to which Dixon belongs, has also faced a decline of 4.42%, contributing to the stock's downward movement. The recent increase in investor participation, as evidenced by a significant rise in delivery volume, suggests some interest in the stock despite its current struggles. Overall, while Dixon Technologies has strong fundamentals and a leading position in its sector, the recent negative sentiment surrounding promoter stake reduction and market conditions has led to its falling stock price.