Why is Hexaware Tech. falling/rising?

As of 02-Jul, Hexaware Technologies Ltd is experiencing a rise in its stock price, currently at 875.10, which reflects an increase of 29.05 or 3.43%. The stock has shown positive momentum, having outperformed its sector by 3.34% today and is only 1.7% away from its 52-week high of Rs 890. Additionally, the stock has gained after two consecutive days of decline, and it is trading above all key moving averages, indicating a strong upward trend. However, there is a noted decrease in investor participation, with delivery volume dropping by 45.52% compared to the five-day average. The company benefits from a low debt-to-equity ratio and has reported strong quarterly results, including record net sales and profits, which contribute positively to its recent performance.
In the broader market context, Hexaware's one-week return of 3.64% significantly outpaces the Sensex's return of 0.79% during the same period, highlighting its strong performance relative to the benchmark. While the stock has not generated a return over the past year, its profits have increased by 18%, suggesting potential for future growth despite its expensive valuation indicated by a price-to-book value of 9.9. Overall, the combination of strong quarterly results and positive short-term performance against the benchmark supports the stock's upward movement, even as liquidity concerns arise from falling investor participation.