Why is Texmo Pipes falling/rising?

As of 16-Sep, Texmo Pipes & Products Ltd is currently priced at 59.02, reflecting a decrease of 0.1, or 0.17%. The stock has been underperforming, having fallen for the last two days with a total decline of 0.47%. In terms of returns, the stock has shown a modest increase of 4.31% over the past week and 2.71% over the past month, but it has significantly underperformed over the longer term, with a year-to-date decline of 8.44% and a one-year drop of 26.04%. Despite a very attractive valuation indicated by a ROCE of 8.6 and a PEG ratio of 0.1, the company has weak long-term fundamentals, including poor growth in net sales and operating profit over the last five years, which may contribute to the recent price decline.
Broader market context shows that while Texmo Pipes has outperformed the Sensex in the short term, the stock has consistently underperformed against broader benchmarks over the last three years, which may affect investor sentiment. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 46.09% against the five-day average indicates falling investor participation. This decline in interest, combined with the company's weak ability to service debt and flat financial results, suggests that the stock's recent price movement is influenced by a lack of confidence in its long-term growth prospects, despite some positive short-term performance metrics.