Why is Texmo Pipes falling/rising?

As of 01-Aug, Texmo Pipes & Products Ltd is currently priced at 58.59, reflecting a decline of 2.5, or 4.09%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 4.84% in that period. Today, it opened significantly lower, down 18.15%, and reached an intraday low of Rs 50. The stock is trading below all key moving averages and has seen a notable decrease in investor participation, with delivery volume dropping by 42.73% compared to the five-day average. While the company reported positive quarterly results with the highest PAT and EPS, its long-term fundamentals are weak, characterized by a low average ROCE and poor growth in net sales and operating profit over the past five years.
In the broader market context, Texmo Pipes has underperformed against the Sensex, with a one-week return of -4.82% compared to the benchmark's -1.06%. Over the past year, the stock has generated a return of -20.48%, significantly lagging behind the Sensex, which has seen a decline of only 1.55%. This consistent underperformance, coupled with weak long-term growth prospects and a poor ability to service debt, contributes to the negative sentiment surrounding the stock. Despite its attractive valuation relative to peers, the overall market context and the company's fundamental weaknesses are likely driving the current decline in its stock price.