Why is Expleo Solutions falling/rising?

As of 12-Sep, Expleo Solutions Ltd is experiencing a decline in its stock price, currently at 986.00, reflecting a decrease of 17.3 points or 1.72%. The stock has underperformed its sector by 1.92% today and has shown a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 62.67% compared to the 5-day average. Over the past year, the stock has generated a return of -24.42%, despite a 6% increase in profits, which suggests that the market sentiment remains negative. The company has a high dividend yield of 5.1%, but this has not been enough to offset the recent poor performance.
In the broader market context, the stock has underperformed against the Sensex, which has gained 1.48% over the past week and 2.08% over the past month, while Expleo Solutions has declined by 3.33% and 10.49%, respectively. This consistent underperformance over the last three years, along with flat results in the latest quarter, has likely contributed to the lack of confidence from domestic mutual funds, which hold no stake in the company. Despite its attractive valuation metrics, including a low debt-to-equity ratio and a reasonable price-to-book value, the overall sentiment surrounding Expleo Solutions remains cautious, leading to its current price decline.