Why is Expleo Solutions falling/rising?

As of 22-Sep, Expleo Solutions Ltd is experiencing a decline in its stock price, currently at 1,028.50, reflecting a decrease of 10.5 points or 1.01%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 3.7% during this period. Although it outperformed its sector by 1.6% today, the stock's year-to-date performance shows a significant decline of 26.75%. The company has a high dividend yield of 4.81%, which may attract some investors, but it also faces challenges such as a low debt-to-equity ratio and a recent drop in profit after tax, which fell by 20.9% compared to the previous quarter. Furthermore, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its current valuation.
In the broader market context, Expleo Solutions' short-term performance has been notably better than the benchmark, with a 5.27% increase over the past week compared to a mere 0.46% rise in the Sensex. However, the stock has consistently underperformed against the benchmark over the last three years, with a one-year return of -22.07% compared to the Sensex's -2.82%. This consistent underperformance, coupled with falling investor participation and a decline in key financial metrics, suggests that while there may be some attractive valuation aspects, the overall sentiment around the stock remains negative, contributing to its current price decline.