Why is Hexaware Tech. falling/rising?

As of 09-Jul, Hexaware Technologies Ltd is experiencing a price increase, currently at 890.20, reflecting a rise of 7.4 points or 0.84%. The stock has recently hit a new 52-week high of Rs.900.15 and has outperformed its sector by 1.59%. Over the past two days, it has gained 5.04%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with a delivery volume that rose by 43.15% compared to the 5-day average. The company also reported strong financial results, with significant growth in profit before tax and net sales, contributing to a positive outlook despite a relatively high price-to-book value.
In the broader market context, Hexaware's short-term performance has been impressive, with a 1-week return of 1.73%, significantly outperforming the Sensex, which only increased by 0.15% during the same period. Over the past month, the stock has risen by 6.46%, while the Sensex has gained 1.32%. This strong performance relative to the benchmark indicates robust investor confidence in Hexaware Technologies, bolstered by its low debt-to-equity ratio and solid financial results. However, it is worth noting that the stock's valuation appears expensive, with a return on equity of 22 and a price-to-book ratio of 10.1, which could pose risks if market conditions change.