Why is Timex Group falling/rising?

As of 04-Sep, Timex Group India Ltd's stock price is currently at Rs 322.00, reflecting a decrease of Rs 6.85 or 2.08%. The stock has recently underperformed its sector by 2.47% and has fallen after a streak of seven consecutive days of gains. It is also 4.36% away from its 52-week high of Rs 336.05. Despite this decline, the stock has shown strong performance over various periods, including a 30.18% increase over the past month and a remarkable 110.53% rise over the last year. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 38.12% compared to the five-day average. Additionally, while the company has demonstrated strong financial growth, including a 503.7% increase in net profit, the recent reduction in promoter stake by 15% raises questions about future confidence in the business.
In the broader market context, Timex Group's short-term performance has significantly outpaced the Sensex, which has only increased by 0.80% over the past week. This indicates that while the stock has been performing well over the long term, the recent decline may be influenced by profit-taking after a strong rally, as well as concerns about reduced promoter confidence. The stock's valuation appears expensive relative to its returns, with a PEG ratio of 0.6, suggesting that while the company has strong growth metrics, the market may be reassessing its future potential amid these mixed signals.