Why is Timex Group falling/rising?

As of 09-Jul, Timex Group India Ltd's stock price is rising, currently at Rs 232.70, reflecting an increase of Rs 6.3 or 2.78%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 2.95% today and reached an intraday high of Rs 237.7, marking a 4.99% increase. Over the past week, the stock has risen by 5.87%, while its year-to-date performance shows a significant gain of 20.23%. Despite a recent decline of 13.16% over the past month, 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 have contributed to its healthy long-term growth.
Broader Market Context: In comparison to the benchmark, the Sensex has only increased by 0.15% over the past week, highlighting Timex Group's stronger short-term performance. While the stock has experienced a decline in delivery volume, indicating falling investor participation, its liquidity remains adequate for trading. The company's ability to generate substantial returns over the long term, including a remarkable 55.55% increase in the last year, positions it favorably against broader market trends, further supporting the recent rise in its stock price.