Why is Texmaco Rail falling/rising?

As of 24-Jun, Texmaco Rail & Engineering Ltd is experiencing a price increase, with its current price at Rs 165.95, reflecting a rise of Rs 3.45 or 2.12%. The stock has shown positive momentum, gaining for the last three days and achieving a total return of 5.1% during this period. It opened with a gain of 2.28% today and reached an intraday high of Rs 168, although it has underperformed its sector by 1.88%. Despite a year-to-date decline of 14.37% and a one-year drop of 23.53%, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 22.76% and operating profit at 27.93%. The company has also reported positive results for the last ten consecutive quarters, contributing to a favorable outlook.
In the broader market context, Texmaco's short-term performance of +0.88% over the past week outpaces the Sensex's gain of +0.58%, indicating relative strength. However, the stock's year-to-date performance lags behind the Sensex, which has risen by 5.01%. The railway sector overall has gained by 4.01%, suggesting a supportive environment for the stock, yet falling investor participation, as indicated by a significant drop in delivery volume, may pose challenges. Despite these concerns, the company's attractive valuation and strong profit growth relative to its historical performance provide a solid foundation for its recent price movement.