Why is Texmaco Rail falling/rising?

As of 28-Aug, Texmaco Rail & Engineering Ltd is currently priced at 137.55, reflecting a decrease of 0.95 or 0.69%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.38% during this period. Additionally, the stock has underperformed significantly over the past week and month, with returns of -3.17% and -7.47%, respectively. Despite a healthy long-term growth rate in operating profit of 39.44% and a favorable PEG ratio of 0.7, the company faces challenges such as a high Debt to EBITDA ratio of 3.26 times, indicating low ability to service debt. Furthermore, the company's recent quarterly performance has shown a substantial drop in PAT by 49.9%, which negatively impacts investor sentiment.
In the broader market context, Texmaco Rail's performance has been notably weaker than the benchmark, with a one-year return of -45.30% compared to the Sensex's decline of only 2.08%. The stock's recent performance has also been affected by a decrease in institutional investor participation, which has fallen by 0.53% over the previous quarter, indicating a lack of confidence among more sophisticated investors. The railway sector as a whole has experienced a decline of 2.53%, further contributing to the stock's struggles. Overall, the combination of poor recent financial results, high debt levels, and reduced institutional interest has led to the stock's continued decline.