Why is Expleo Solutions falling/rising?

As of 10-Sep, Expleo Solutions Ltd's stock price is currently at 999.95, reflecting an increase of 22.95, or 2.35%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. It opened with a gain of 3.37% and reached an intraday high of Rs 1009.95. Despite this positive movement, the stock has underperformed in the longer term, with a one-month return of -10.38% and a year-to-date return of -28.78%. The company has a high dividend yield of 5.12% and a low debt-to-equity ratio, which are attractive factors; however, it has also reported flat results in its latest quarter, with significant declines in profit before tax and profit after tax compared to previous quarters, contributing to investor caution.
In the broader market context, Expleo Solutions has consistently underperformed against the benchmark, with a one-year return of -24.55% compared to a slight decline of -0.61% for the Sensex. While the IT sector has gained by 2.53%, Expleo's recent performance indicates a struggle to keep pace, evidenced by its negative returns over the past three years. The rising investor participation, as seen in the significant increase in delivery volume, suggests some renewed interest, but the overall sentiment remains cautious due to the company's recent financial performance and the lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation.