Why is Texmo Pipes falling/rising?
As of 19-Sep, Texmo Pipes & Products Ltd is priced at 58.93, having gained 0.82% today after a decline. Despite recent short-term underperformance, the stock has shown a significant long-term increase of 307.26% over the past five years.
As of 19-Sep, Texmo Pipes & Products Ltd is currently priced at 58.93, reflecting an increase of 0.48 or 0.82%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -0.62% compared to the Sensex's gain of +0.88%. Over the past month, however, Texmo has seen a positive return of +3.02%, while the Sensex has increased by +1.20%. Notably, the stock's delivery volume has decreased significantly, falling by 48.29% against the 5-day average, indicating a decline in investor participation. There is no information available regarding positive or negative factors affecting the stock.In the broader market context, while Texmo Pipes has experienced a short-term decline, it has outperformed its sector today by 1.48%. Year-to-date, the stock is down by 8.58%, contrasting with the Sensex's gain of 5.74%. Over the past year, Texmo has faced a substantial decline of 21.37%, while the benchmark has remained relatively flat with a decrease of only 0.67%. The stock's performance over the last five years shows a remarkable increase of 307.26%, significantly outpacing the Sensex's 112.70% rise, suggesting that despite recent struggles, the long-term outlook remains positive.
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