Why is Timex Group falling/rising?

As of 01-Sep, Timex Group India Ltd's stock price is currently at Rs 320.00, reflecting an increase of 2.65 (0.84%). The stock has recently reached a new 52-week high of Rs 329.9 and has shown strong performance, gaining 15.27% over the last five days. In the past week, the stock has outperformed the Sensex, with a return of +13.52% compared to the benchmark's -1.56%. The company's financial health is bolstered by a low Debt to EBITDA ratio of 1.10 times and significant growth in net profit and operating profit, which have risen by 503.7% and 48.40% respectively. However, there are concerns regarding promoter confidence, as they have reduced their stake by 15% in the last quarter, which may indicate a lack of confidence in the company's future.
Broader market context shows that while Timex Group has been performing exceptionally well, generating a return of 104.73% over the past year, the broader market, represented by the Sensex, has declined by 2.43% in the same period. This stark contrast highlights the company's strong market-beating performance. Despite the recent gains, there is a noted decrease in investor participation, with a 14.94% drop in delivery volume against the five-day average, which could impact future price movements. Overall, the stock's rise can be attributed to its strong financial results and market performance, despite some underlying risks related to promoter confidence and reduced trading volume.