Why is Texmo Pipes falling/rising?

As of 23-Sep, Texmo Pipes & Products Ltd is experiencing a decline in its stock price, currently at 57.94, which reflects a decrease of 0.97 or 1.65%. The stock has underperformed its sector by 0.4% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2% during this period. Over the past week, the stock has decreased by 1.83%, while in the last month, it has fallen by 1.65%. Despite a significant profit increase of 137.1% over the past year, the stock has generated a return of -23.37%, indicating a disconnect between profitability and stock performance. The company's valuation appears attractive with a low PEG ratio of 0.1, but its long-term fundamentals are weak, as evidenced by a low average ROCE of 7.44% and poor growth metrics.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has gained 5.07% year-to-date, Texmo Pipes has seen a decline of 10.11%. The falling investor participation, indicated by a 36.01% drop in delivery volume, further exacerbates the stock's challenges. The liquidity of the stock remains adequate for trading, but the overall sentiment appears negative due to the company's weak long-term growth prospects and declining sales figures, which have contributed to the stock's downward trajectory.