Why is Hexaware Tech. falling/rising?

As of 28-Jul, Hexaware Technologies Ltd's stock price is currently at 740.00, reflecting an increase of 1.75 (0.24%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -13.39% compared to the Sensex's -1.59%. Today's trading saw the stock touch an intraday low of Rs 707, indicating volatility, but it has also experienced a significant rise in delivery volume, up 241.21% against the 5-day average, suggesting increased investor interest. The company has a low debt-to-equity ratio and reported strong financial results in June, including record operating cash flow and net sales, which may contribute positively to investor sentiment.
In the broader market context, while Hexaware Technologies has faced a challenging week, the Sensex has also seen a decline, albeit less severe. The stock's performance over the past month has been notably poor, with a return of -14.92%, compared to the Sensex's -3.77%. This indicates that the stock is struggling more than the overall market. However, the company's strong fundamentals, including a high return on equity and significant profit growth, could provide a buffer against the broader market downturn, suggesting that the recent price increase may be a response to positive financial indicators rather than a broader market trend.