Why is Texmo Pipes falling/rising?

As of 19-Nov, Texmo Pipes & Products Ltd is experiencing a decline in its stock price, currently at Rs 51.25, which reflects a decrease of Rs 1.32 or 2.51%. The stock has been underperforming, having lost 6.34% over the last four days and opening today with a loss of 3.75%. It has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased, with delivery volume falling by 3.22% compared to the 5-day average. The stock's performance over the past week and month shows declines of 4.85% and 5.44%, respectively, while year-to-date returns are down 20.49%.
In the broader market context, the Sensex has shown positive movement, gaining 0.85% over the past week and 1.47% over the past month, contrasting sharply with Texmo Pipes' negative returns. This underperformance against the benchmark indicates that the stock is not only struggling in absolute terms but is also lagging behind the overall market trend. The significant disparity in returns, particularly the year-to-date decline of 20.49% for Texmo Pipes compared to a 9.02% increase in the Sensex, suggests that investor sentiment towards Texmo Pipes is weak, further contributing to its falling stock price.