Why is Hexaware Tech. falling/rising?

As of 05-Aug, Hexaware Technologies Ltd's stock price is rising, currently at 728.55, reflecting an increase of 20.25 or 2.86%. The stock has shown a positive performance today, outperforming its sector by 3.26% and achieving a consecutive gain over the last two days with a total return of 4.91%. Despite a recent decline of 15.74% over the past month, the stock has outperformed the benchmark Sensex, which has decreased by 0.77% in the same week. The company reported strong financial results in June, with record operating cash flow and net sales, contributing to a favorable outlook. However, the stock's valuation appears expensive with a price-to-book ratio of 8, and there has been a notable decline in investor participation, with delivery volume dropping significantly.
In the broader market context, while Hexaware Technologies has shown a positive return of 2.04% over the past week, the Sensex has experienced a slight decline. This indicates that the stock is gaining traction relative to the broader market, which may be attributed to its strong financial performance and low debt levels. However, the overall market sentiment remains cautious, as evidenced by the declining delivery volumes and the stock's underperformance over the past month compared to the benchmark. The combination of positive company fundamentals and a challenging market environment creates a complex backdrop for the stock's recent rise.