Why is Timex Group falling/rising?

As of 21-Aug, Timex Group India Ltd is currently priced at 288.50, reflecting a decrease of 0.9 or 0.31%. Despite this decline, the stock has shown strong performance over various periods, with a 1-week return of 4.47% and a remarkable 1-year return of 87.70%. The stock hit a new 52-week high of Rs. 303.85 earlier today, indicating significant upward momentum in the past. However, it underperformed its sector by 0.59% today, and there has been a notable drop in investor participation, with delivery volume falling by 20.2% against the 5-day average. While the company has demonstrated strong financial health with a low Debt to EBITDA ratio and impressive growth in net profit, the recent decrease in promoter stake by 15% raises concerns about future confidence in the business.
In the broader market context, Timex Group's short-term performance has outpaced the Sensex, which only gained 1.74% over the past week. The stock's year-to-date return of 49.06% also significantly exceeds the Sensex's 4.94% during the same period. This indicates that while the stock is currently experiencing a slight decline, it has been performing well compared to the overall market. The company's ability to generate substantial returns over the long term, coupled with its recent positive financial results, suggests that the recent price movement may be more of a temporary fluctuation rather than a reflection of its overall performance trajectory.