Why is XPRO India falling/rising?

As of 30-Jul, XPRO India Ltd's stock price is currently at Rs 1,110.00, reflecting an increase of Rs 8.9 or 0.81%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 0.43% today. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -9.01% and a 1-month return of -7.73%. The company has a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.84 times, and it has generated a 9.20% return over the past year, contrasting with the negative returns of the broader market. However, the company has faced challenges, including negative results for the last four consecutive quarters and a significant drop in profits by 61.6%, which may contribute to cautious investor sentiment.
In the broader market context, while XPRO India has outperformed the BSE500 index, which has seen a return of -2.34% over the past year, its recent performance remains concerning. The stock's trading below its moving averages suggests a bearish trend, and the low domestic mutual fund ownership of only 1.42% may indicate a lack of confidence among institutional investors. Overall, while there are some positive indicators, the combination of recent negative financial results and high valuation metrics may be weighing on investor sentiment, contributing to the stock's volatility.