Why is XPRO India falling/rising?

As of 22-Aug, XPRO India Ltd's stock price is currently at 1,119.00, reflecting an increase of 19.0 points or 1.73%. Despite this positive movement today, the stock has shown a negative performance over the past week, down by 0.51%, and has significantly underperformed over the past month with a decline of 9.07%. The stock is trading below its moving averages across all time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 31.74% compared to the 5-day average. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.84 times, but it has faced challenges with negative results over the last four consecutive quarters, including a significant drop in net profit.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting with XPRO India's decline. While the stock has outperformed its sector today, its long-term performance remains concerning, with a year-to-date decline of 24.39% compared to a 4.05% increase in the benchmark index. The stock's valuation appears expensive with a Price to Book Value of 4.4, and its return on equity stands at 8.5, which may deter potential investors. Overall, the combination of recent negative financial results and underperformance relative to both the market and its peers contributes to a cautious outlook for XPRO India Ltd.