Why is Hexaware Tech. falling/rising?

As of 08-Jul, Hexaware Technologies Ltd is experiencing a price increase, currently at Rs 882.80, which reflects a rise of Rs 35.3 or 4.17%. The stock has shown strong performance today, outperforming its sector by 3.9% and has gained after three consecutive days of decline. It is also close to its 52-week high, being just 1.06% away from Rs 892.15. The stock's performance over the past week and month has been positive, with returns of +4.34% and +7.14%, respectively. Additionally, the company has reported strong financial results, with significant growth in profit before tax and net sales, contributing to a favorable outlook despite a relatively high valuation indicated by its price-to-book ratio.
In the broader market context, Hexaware's short-term performance has significantly outpaced the Sensex, which has only seen a marginal increase of 0.02% over the past week. The stock's liquidity is also favorable, with a notable increase in delivery volume, suggesting rising investor participation. While the company has a low debt-to-equity ratio and strong growth metrics, concerns about its expensive valuation relative to its return on equity may temper some investor enthusiasm. Overall, the combination of positive financial results and strong market performance relative to the benchmark has contributed to the stock's upward movement.