Why is Texmo Pipes falling/rising?

As of 31-Jul, Texmo Pipes & Products Ltd is currently priced at 61.09, reflecting a decrease of 0.48, or 0.78%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It is currently trading higher than its 100-day moving averages but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume dropping by 17.9% compared to the 5-day average. Despite a significant year-to-date decline of 5.23% and a one-year drop of 19.62%, the company reported positive quarterly results, including a record profit after tax and earnings per share, indicating strong underlying performance. The stock is also trading at a discount compared to its peers, which may suggest an attractive valuation.
In the broader market context, Texmo's short-term performance has been weaker than the benchmark, with a 1-week return of -1.96% compared to the Sensex's -1.22%. Over the past month, the stock has declined by 4.67%, while the Sensex has decreased by 3.00%. This underperformance highlights the challenges Texmo faces in the current market environment, despite its positive financial metrics and attractive valuation. The majority of shareholders being non-institutional may also contribute to the stock's volatility and liquidity concerns, as indicated by the relatively low trading volume.