Why is Texmo Pipes falling/rising?

As of 11-Sep, Texmo Pipes & Products Ltd is experiencing a rise in its stock price, currently at Rs 59.00, reflecting an increase of 1.94 (3.4%). The stock has shown positive momentum, gaining 4.28% over the last two days and outperforming its sector by 2.56% today. It reached an intraday high of Rs 62, which is an 8.66% increase. Despite a year-to-date decline of 8.47% and a significant drop of 27.56% over the past year, the stock's recent performance is bolstered by a very attractive valuation, with a return on capital employed (ROCE) of 8.6 and a low PEG ratio of 0.1. However, the company has faced challenges, including weak long-term growth and a poor EBIT to interest ratio, which may temper investor enthusiasm.
In the broader market context, Texmo Pipes has outperformed the Sensex in the short term, with a 1-week return of 3.85% compared to the Sensex's 1.03%. This indicates a positive short-term sentiment among investors despite the stock's long-term underperformance against benchmarks over the past three years. The rising investor participation, highlighted by a 22.58% increase in delivery volume, suggests growing interest in the stock, which may be contributing to its recent price increase. However, the overall weak long-term fundamentals and consistent underperformance against broader indices remain significant concerns for potential investors.