Why is Timex Group falling/rising?

As of 11-Jul, Timex Group India Ltd's stock price is currently at 225.40, reflecting a decrease of 4.75 or 2.06%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.14% during this period. Today's performance indicates that it has underperformed its sector by 1.12%. Additionally, the stock has shown a significant decline over the past month, with a drop of 19.25%, although it has performed well year-to-date with a gain of 16.46%. The company's ability to service debt remains strong, supported by a low Debt to EBITDA ratio of 0.44 times, and it has reported positive results for the last three consecutive quarters, which includes substantial growth in net sales and profits.
Broader market context shows that the stock's short-term performance has been weaker compared to the benchmark, as it has declined by 2.38% over the past week while the Sensex has only decreased by 1.12%. This underperformance in the short term contrasts with the stock's impressive long-term returns, where it has outperformed the BSE500 over the last year and three years. However, the recent drop in delivery volume by 70.55% against the five-day average indicates falling investor participation, which may contribute to the stock's current downward trend.