Why is Timex Group falling/rising?

As of 08-Jul, Timex Group India Ltd is currently priced at 226.40, reflecting a decrease of 2.85, or 1.24%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total decline of 1.95%. In terms of performance, the stock has shown a 0.96% increase over the past week, but it has significantly underperformed over the last month with a decline of 16.38%. Despite these short-term challenges, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 0.44 times and consistent positive results over the last three quarters, which may support its long-term growth potential.
Broader Market Context: The stock's recent performance contrasts with the benchmark Sensex, which has only seen a marginal increase of 0.02% over the past week. While Timex Group has outperformed the benchmark in the long term, generating a 49.29% return over the past year compared to the Sensex's 4.69%, the recent drop in investor participation, evidenced by a 67.32% decline in delivery volume, indicates a lack of confidence among investors in the short term. This combination of strong long-term growth prospects and recent short-term declines suggests that while the company remains fundamentally sound, current market sentiment is weighing on its stock price.