Why is XPRO India falling/rising?

As of 11-Sep, XPRO India Ltd's stock price is currently at 1,278.20, reflecting a slight increase of 1.7 (0.13%). The stock has been gaining over the last two days, with a total rise of 3% during this period. Despite this recent uptick, the stock has underperformed its sector by 0.71%. In terms of returns, XPRO India has shown a strong performance over the past week and month, with increases of 7.86% and 8.95%, respectively. However, it has faced challenges over the year, with a year-to-date decline of 13.64% and a significant drop in profits by 61.6%. The company has also reported negative results for the last four consecutive quarters, which may weigh on investor sentiment despite its strong ability to service debt and a low Debt to EBITDA ratio of 0.84 times.
In the broader market context, XPRO India's recent performance contrasts with the benchmark Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. While the stock has outperformed the broader market in the past year with an 8.88% return compared to the Sensex's 0.03%, the overall negative sentiment surrounding its financial results may contribute to cautious trading behavior. The stock's high valuation, indicated by a Price to Book Value of 5.2, further complicates its attractiveness to investors, especially given the recent decline in profits.