Why is Timex Group falling/rising?

As of 16-Jul, Timex Group India Ltd's stock price is currently at Rs 226.60, reflecting an increase of Rs 2.25 or 1.0%. The stock has shown a positive performance today, outperforming its sector by 2.45% and has gained consecutively over the last two days, with a total return of 1.91% during this period. Despite a recent decline of 15.13% over the past month, the stock has demonstrated strong long-term growth, with a remarkable 39.10% increase over the last year and an impressive 232.01% rise over the past three years. The company's solid financial health is underscored by a low Debt to EBITDA ratio of 0.44 times and consistent positive quarterly results, including significant growth in net sales and profits.
In the broader market context, while the stock has outperformed the BSE500 index over various time frames, it has faced a decline of 2.62% in the past week, compared to a smaller drop of 1.08% in the Sensex. The stock's liquidity remains adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 40.27% against the five-day average. This decline in participation could indicate a cautious sentiment among investors, despite the company's strong fundamentals and recent positive performance.