Why is Texmo Pipes falling/rising?

As of 24-Sep, Texmo Pipes & Products Ltd is experiencing a slight decline in its stock price, currently at 57.60, reflecting a decrease of 0.03 or 0.05%. The stock has been on a downward trend, losing value for the past three days with a total decline of 2.57% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the stock being valued attractively with a ROCE of 8.6 and a PEG ratio of 0.1, it has underperformed significantly over the past year with a return of -24.16%, while profits have risen by 137.1%. The company's weak long-term fundamentals, including a low EBIT to Interest ratio and poor growth in net sales and operating profit, contribute to the negative outlook.
In the broader market context, Texmo Pipes has underperformed against the benchmark, with a 1-week return of -2.02% compared to the Sensex's -1.18%. The stock's performance over the past year shows a stark contrast, with a decline of 24.16% against a modest drop of 3.77% for the benchmark. This consistent underperformance over the last three years highlights the challenges the company faces in attracting investor confidence, further compounded by falling investor participation, as evidenced by a decrease in delivery volume. Overall, the combination of weak fundamentals and a lack of positive momentum in comparison to the broader market contributes to the stock's current downward trajectory.