Why is Hexaware Tech. falling/rising?

As of 29-Jul, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at Rs 714.00, reflecting a decrease of Rs 26.00 or 3.51%. The stock has underperformed its sector by 3.42% today, touching an intraday low of Rs 714. The stock's performance over the past week shows a significant drop of 16.98%, while the one-month return is down 17.91%. Despite positive financial results reported for June, including the highest operating cash flow and net sales, the stock's valuation appears expensive with a Price to Book Value of 8.4, contributing to investor caution. Additionally, while there has been a rise in investor participation, with delivery volume increasing by 108.06% against the five-day average, the overall sentiment remains negative.
In the broader market context, the Sensex has only declined by 1.03% over the past week, indicating that Hexaware's performance is significantly lagging behind the benchmark. The stock's year-to-date performance is not available, but it has generated a flat return over the past year, contrasting with the Sensex's positive return of 4.09%. This underperformance relative to the benchmark and the overall market sentiment may be influencing the stock's downward trajectory, despite the company's solid operational results and low debt-to-equity ratio.