Why is Expleo Solutions falling/rising?

As of 16-Sep, Expleo Solutions Ltd's stock price is rising, currently at 1,041.40, reflecting an increase of 64.4 points or 6.59%. The stock has shown a positive performance today, outperforming its sector by 5.75% and reversing a two-day decline. It reached an intraday high of Rs 1,096.65, indicating strong trading activity within a wide range of Rs 109.9. Although the stock has underperformed over the past month and year, with returns of -6.34% and -21.32% respectively, it has a high dividend yield of 5.12% and a low debt-to-equity ratio, which may attract investors. However, the company has faced challenges, including a significant drop in profit before tax and net profit in the most recent quarter compared to previous averages, which could raise concerns among potential investors.
In the broader market context, Expleo Solutions' short-term return of +6.59% over the past week significantly outpaces the benchmark Sensex, which has only increased by 1.58% in the same period. Despite this positive short-term movement, the stock has consistently underperformed against the benchmark over the last three years, raising questions about its long-term viability. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence from institutional investors, potentially impacting the stock's future performance. Overall, while the recent price increase may reflect a temporary rebound, underlying financial challenges and historical underperformance remain critical factors for investors to consider.