Why is Texmo Pipes falling/rising?

As of 20-Aug, Texmo Pipes & Products Ltd is experiencing a rise in its stock price, currently at Rs 58.25, reflecting an increase of 1.05 or 1.84%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 2.43% during this period. Today, it outperformed its sector by 1.51% and reached an intraday high of Rs 59.04. Despite a challenging year with a -21.12% return, the company has seen a significant profit increase of 137.1%, leading to a very attractive valuation with a PEG ratio of 0.1. However, the stock's long-term fundamentals remain weak, with a low average ROCE of 7.44% and poor growth metrics in net sales and operating profit over the past five years.
In the broader market context, the stock's short-term performance of +0.34% over the past week contrasts with the Sensex's gain of +1.64%, indicating underperformance relative to the benchmark. While the stock has been gaining recently, its year-to-date return of -9.63% and a decline of -21.12% over the past year highlight ongoing challenges. The weak long-term growth prospects and the company's ability to service its debt are concerning factors that may affect investor sentiment moving forward. Overall, while there are positive indicators in the short term, the long-term outlook remains uncertain.