Why is XPRO India falling/rising?

As of 29-Aug, XPRO India Ltd's stock price is currently at 1,133.15, reflecting an increase of 18.15, or 1.63%. The stock has been gaining for the last two days, with a total return of 2.17% during this period. It outperformed its sector by 1.17% today and reached an intraday high of Rs 1162.8, which is a 4.29% increase. Despite these short-term gains, the company has declared negative results for the last four consecutive quarters, with a significant drop in profits by 61.6% over the past year. The company's low Debt to EBITDA ratio of 0.84 indicates a strong ability to service debt, but its high Price to Book Value of 4.4 suggests that the stock is trading at a premium compared to its peers.
Broader market context shows that XPRO India has outperformed the benchmark Sensex in the short term, with a 1.26% gain over the past week compared to a decline of 1.84% in the Sensex. Over the past month, the stock has increased by 2.91%, while the Sensex has decreased by 1.88%. However, the stock's year-to-date performance is concerning, with a decline of 23.44% compared to a 2.14% increase in the Sensex, indicating that while the stock may be experiencing short-term upward movement, its long-term outlook remains weak amidst ongoing negative financial results.