Why is Hexaware Tech. falling/rising?

As of 01-Aug, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at Rs 696.00, which reflects a decrease of Rs 7.85 or 1.12%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 5.95% during this period. Additionally, the stock's performance over the past week shows a decrease of 5.72%, while its one-month return is down by 17.74%. Despite positive operational results reported in June, including the highest operating cash flow and net sales, the stock's valuation appears expensive with a Price to Book Value of 7.9, contributing to investor caution. Furthermore, a significant drop in delivery volume by 44.38% against the five-day average indicates falling investor participation, which may further pressure the stock price.
In the broader market context, Hexaware's recent performance has underperformed compared to the benchmark Sensex, which has only declined by 1.06% over the past week. This stark contrast highlights the stock's struggles relative to the market. While the Sensex has shown a year-to-date increase of 3.15%, Hexaware's stock has not provided similar returns, reflecting investor sentiment that may be influenced by its recent price movements and valuation concerns. Overall, the combination of declining stock performance, reduced investor participation, and a high valuation relative to its earnings potential contributes to the current downward pressure on Hexaware Technologies Ltd's stock price.