Why is Timex Group falling/rising?

As of 07-Nov, Timex Group India Ltd's stock price is rising, currently at 403.25, reflecting an increase of 15.1 or 3.89%. The stock has shown strong performance recently, gaining 9.07% over the last two days and outperforming its sector by 4.57% today. It opened with a 5% gain and reached an intraday high of Rs 407.55. Additionally, the stock has demonstrated impressive long-term returns, with a 108.34% increase year-to-date and a remarkable 111.35% rise over the past year. The company's strong fundamentals, including a low Debt to EBITDA ratio and significant growth in net sales and operating profit, have contributed to positive investor sentiment, further supported by increasing participation from institutional investors.
In the broader market context, Timex Group's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.86% over the past week while Timex has risen by 5.76%. This indicates that the stock is not only performing well on its own but is also gaining traction against a backdrop of a generally weaker market. The company's ability to consistently deliver positive results over the last five quarters and its healthy growth metrics have positioned it favorably, allowing it to outperform both the market and its peers in recent times.