Why is Timex Group falling/rising?

As of 05-Sep, Timex Group India Ltd's stock price is currently at Rs 311.10, reflecting a decrease of Rs 10.9 or 3.39%. The stock has underperformed its sector by 3.17% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 5.4%. Despite a strong performance over the past year with a return of 107.40%, the stock has recently shown weakness, with a 1-week decline of 1.97%. The company's positive financial indicators, such as a low Debt to EBITDA ratio and significant growth in net profit and operating profit, suggest strong fundamentals. However, the recent decrease in promoter stake by 15% raises concerns about confidence in the company's future, which may be contributing to the stock's current downward trend.
In the broader market context, the Sensex has shown a positive return of 1.13% over the past week, contrasting with Timex Group's decline. This underperformance relative to the benchmark indicates that investor sentiment may be shifting away from the stock, especially given the falling investor participation, as evidenced by a 38.12% drop in delivery volume compared to the 5-day average. While the stock has demonstrated strong long-term growth and market-beating performance, the recent negative factors, including reduced promoter confidence and a decline in short-term returns, are likely influencing its current price movement.