Why is Timex Group falling/rising?

As of 21-Jul, Timex Group India Ltd's stock price is currently at 220.95, reflecting a decline of 2.75, or 1.23%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 2.49% during this period. Additionally, the stock's performance over the past week shows a decrease of 0.63%, while its one-month return is down 14.87%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with a significant annual operating profit increase of 114.48% and positive results in the last three quarters, including a 56.20% growth in profit before tax. However, the stock's recent decline may be attributed to falling investor participation, as evidenced by a 23.86% drop in delivery volume compared to the five-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a minimal decline of 0.06% over the past week, Timex Group's short-term performance has lagged behind. While the stock has generated impressive returns of 41.77% over the past year and outperformed the BSE500 over various time frames, the recent downturn indicates a disconnect between its long-term potential and current market sentiment. The liquidity of the stock remains adequate for trading, but the recent underperformance against the sector and declining investor interest may be contributing factors to its current price movement.