Why is XPRO India falling/rising?

As of 29-Jul, XPRO India Ltd's stock price is currently at 1,101.10, reflecting a decline of 73.45 points or 6.25%. The stock has been underperforming, having fallen consecutively for the last two days, with a total return of -6.79% during this period. It opened the day with a significant loss of 6.35% and reached an intraday low of Rs 1,094.75. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, despite a rise in delivery volume by 54.66% against the 5-day average, the overall performance remains weak, with a year-to-date decline of 25.60% compared to a 4.09% increase in the Sensex. The company's negative financial results over the last four quarters, coupled with a low return on equity and a high price-to-book ratio, contribute to the perception of poor long-term growth potential.
In the broader market context, XPRO India's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.03% over the past week, while XPRO India has dropped by 10.52%. This stark contrast highlights the stock's underperformance relative to the market. The company's weak financial indicators, including a low operating cash flow and increasing interest expenses, further exacerbate investor concerns. The limited interest from domestic mutual funds, holding only 1.42% of the company, suggests a lack of confidence in the stock's valuation and future prospects, reinforcing the negative sentiment surrounding XPRO India Ltd.