Why is Timex Group falling/rising?

As of 29-Jul, Timex Group India Ltd's stock price is rising, currently at Rs 211.45, reflecting an increase of Rs 10.05 or 4.99%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. The stock outperformed its sector by 3.69%, and it reached an intraday high of Rs 211.45. In terms of returns, the stock has shown a year-to-date increase of 9.25% and a remarkable 26.92% rise over the past year, significantly outperforming the BSE500 index during the same periods. Additionally, the company has demonstrated a strong ability to service its debt with a low Debt to EBITDA ratio and has reported positive results for the last three consecutive quarters, contributing to its healthy long-term growth.
Broader market context shows that while the stock has experienced a short-term decline of 2.58% over the past week, the benchmark Sensex has also seen a decline of 1.03% during the same period. This suggests that the stock's recent rise is occurring in a challenging market environment but is buoyed by strong fundamentals and increasing investor participation, as evidenced by a 40.41% rise in delivery volume compared to the five-day average. Overall, the stock's performance reflects a combination of positive company-specific factors and a relatively stable broader market context.