Why is Timex Group falling/rising?

As of 31-Jul, Timex Group India Ltd's stock price is rising, currently at Rs 233.10, reflecting an increase of Rs 11.1 or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.73% and achieving a consecutive gain over the last three days, with a total return of 15.74% during this period. It opened with a gain of 5% and reached an intraday high of Rs 233.1. Additionally, the stock has demonstrated impressive long-term growth, with a year-to-date return of 20.43% and a remarkable 240.79% increase over the past three years. The company's strong financial health is underscored by a low Debt to EBITDA ratio of 1.10 times and significant growth in net profit and operating profit, which have contributed to its positive market performance.
In the broader market context, while the Sensex has declined by 1.22% over the past week, Timex Group's stock has increased by 4.58%, showcasing its resilience against market trends. The stock's performance over the last month also contrasts positively with the benchmark, as it has gained 3.95% while the Sensex has dropped by 3.00%. This outperformance is indicative of the company's strong fundamentals and consistent positive results over the last four quarters, which have bolstered investor confidence and contributed to the stock's upward trajectory.