Why is Expleo Solutions falling/rising?

As of 17-Sep, Expleo Solutions Ltd's stock price is rising, currently at 1,068.00, reflecting an increase of 26.6 points or 2.55%. The stock has shown a positive performance today, outperforming its sector by 1.9% and has gained consecutively for the last two days, accumulating a total return of 9.31% in this period. It opened with a gain of 2.74% and reached an intraday high of Rs 1,108.95, indicating strong investor interest. Despite a year-to-date decline of 23.93% and a one-year return of -18.36%, the company has a high dividend yield of 4.78% and a low debt-to-equity ratio, which contributes to its attractive valuation. However, the recent flat results in the June quarter, with significant declines in profit before tax and profit after tax compared to previous quarters, may raise concerns among investors.
In the broader market context, Expleo Solutions has outperformed the Sensex over the past week, with a return of 6.81% compared to the benchmark's 1.56%. However, it has consistently underperformed against the benchmark over the last three years, which may affect investor sentiment. The stock's recent rise could be attributed to increased investor participation, as evidenced by a significant rise in delivery volume, and its fair valuation compared to peers. Nonetheless, the lack of domestic mutual fund investment may signal caution regarding the stock's future performance, as these funds typically conduct thorough research before committing capital.