Why is Timex Group falling/rising?

As of 27-Jun, Timex Group India Ltd is experiencing a decline in its stock price, currently at Rs 226.55, which reflects a decrease of Rs 11.9 or 4.99%. The stock has underperformed its sector by 5.56% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 13.7% during this period. Despite this recent downturn, the company has shown strong long-term growth, with a notable increase in operating profit and positive results over the last three quarters, including a 47.09% growth in net sales. However, the stock's performance over the past week and month has been negative, with declines of 12.71% and 15.01%, respectively, indicating a challenging short-term outlook.
Broader Market Context: In contrast to the stock's recent struggles, the benchmark Sensex has gained 2.00% over the past week and 3.07% over the past month, highlighting a significant divergence between Timex Group's performance and the broader market trends. While the stock has generated impressive returns of 47.78% over the past year and 250.15% over the last three years, the recent price movements suggest that investor sentiment may be shifting, despite the company's strong fundamentals and ability to service debt effectively. The rising investor participation, indicated by a 59.19% increase in delivery volume, may provide some support, but the current price action reflects ongoing challenges in the short term.