Persistent Downward Momentum Reflects Investor Sentiment
Texmo Pipes & Products Ltd closed at ₹45.80 on 13 January, down by ₹0.56 or 1.21% from the previous session. This decline marks the third consecutive day of losses for the stock, which has collectively fallen by 5.49% over this short span. The stock also hit a new 52-week low of ₹45.31 during the trading session, underscoring the prevailing bearish sentiment among investors.
When compared to the broader market, the stock’s performance has been notably weaker. Over the past week, Texmo Pipes has declined by 5.61%, significantly underperforming the Sensex’s modest 1.69% drop. This trend extends over longer periods as well, with the stock falling 8.40% in the last month against the Sensex’s 1.92% decline, and a ...
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