Why is Texmo Pipes falling/rising?

Sep 15 2025 09:28 PM IST
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As of 15-Sep, Texmo Pipes & Products Ltd is priced at 59.12, down 0.3%. Despite recent declines, the stock has positive weekly and monthly returns but has significantly underperformed year-to-date and over the past year, indicating weak long-term fundamentals.
As of 15-Sep, Texmo Pipes & Products Ltd is currently priced at 59.12, reflecting a decrease of 0.18, or 0.3%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite this recent decline, the stock has shown a positive performance over the past week and month, with returns of 3.43% and 2.89% respectively. However, it has underperformed significantly on a year-to-date basis with a decline of 8.28% and a staggering 25.45% drop over the past year. The stock is trading at a discount compared to its peers, and while it has a very attractive valuation with a ROCE of 8.6, the long-term fundamental strength is weak, evidenced by poor growth rates in net sales and operating profit over the last five years.

In the broader market context, the Sensex has shown a positive return of 1.24% over the past week and 1.47% over the past month, contrasting with Texmo's recent performance. The stock's liquidity appears adequate for trading, with a delivery volume increase noted, indicating rising investor participation. However, the company's consistent underperformance against the benchmark over the last three years, coupled with weak fundamentals such as a low EBIT to Interest ratio and a declining debtors turnover ratio, suggests that investors may be cautious, contributing to the stock's recent price decline.
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