Why is Timex Group falling/rising?

As of 18-Sep, Timex Group India Ltd's stock price is rising, currently at 355.20, reflecting an increase of 3.35 (0.95%). The stock has shown strong performance recently, with a 10.59% increase over the past week and a remarkable 148.30% rise over the past year. It is currently trading close to its 52-week high, just 1.35% away, and has outperformed its sector by 1.93% today. Despite a slight decline in delivery volume, the stock remains liquid and is trading above all key moving averages, indicating positive momentum. The company's strong financials, including a low Debt to EBITDA ratio and significant growth in net profit and operating profit, support its upward trajectory. However, a reduction in promoter stake by 15% raises concerns about future confidence in the business.
In the broader market context, Timex Group's performance significantly outpaces the benchmark, with a 10.59% return over the past week compared to the Sensex's 1.80%. This trend continues over longer periods, with the stock achieving a 25.40% return over the past month against the Sensex's 2.14%. The company's ability to generate substantial returns while maintaining healthy financial metrics positions it favorably in the market, despite some risks associated with valuation and promoter confidence. Overall, the stock's strong performance relative to the market and its solid financial results contribute to its rising price.