Why is Expleo Solutions falling/rising?

As of 12-Jun, Expleo Solutions Ltd is experiencing a significant rise in its stock price, currently at 1,235.40, reflecting an increase of 135.15 or 12.28%. The stock has outperformed its sector by 13.26% today and has shown a consecutive gain over the last two days, with a total return of 14.69% during this period. It reached an intraday high of Rs 1288.3, marking a 17.09% increase. The stock has also demonstrated strong performance over the past week, with a return of 18.11%, while its one-month return stands at 43.15%. Additionally, the company has a low debt-to-equity ratio and has seen healthy long-term growth, with net sales increasing at an annual rate of 30.65%. The stock's valuation appears attractive with a return on equity of 16.2 and a price-to-book value of 3, contributing to its recent upward movement.
In the broader market context, Expleo Solutions' short-term performance significantly outpaces the benchmark, with the Sensex only gaining 0.31% over the past week. While the stock has faced challenges over the year, returning -2.62% compared to the Sensex's 6.64% gain, the recent surge in stock price indicates a positive shift in investor sentiment. The rising investor participation, evidenced by a 223.44% increase in delivery volume, suggests growing confidence in the stock. Furthermore, the high dividend yield of 4.54% at the current price adds to its appeal, making it a potentially attractive investment despite its previous underperformance relative to the market.