Why is Hexaware Tech. falling/rising?

As of 06-Aug, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at Rs 725.80, which reflects a decrease of Rs 3.55 or 0.49%. Today's price summary indicates that the stock has fallen after two consecutive days of gains, touching an intraday low of Rs 714.7. The stock has outperformed its sector by 0.8%, but the overall performance over the past month shows a significant decline of 16.06%. Additionally, the stock's delivery volume has decreased by 74.54% against the 5-day average, suggesting a drop in investor participation. While the company has reported strong financial results, including the highest operating cash flow and net sales, its high price-to-book value and expensive valuation may be contributing to the recent downward pressure.
In the broader market context, Hexaware's short-term performance has been more favorable compared to the benchmark Sensex, which has declined by 1.15% over the past week while Hexaware has gained 1.95%. However, the stock's longer-term performance shows a stark contrast, with a year-to-date return of 0.00% against the Sensex's gain of 3.08%. This divergence highlights the challenges Hexaware faces despite its solid financial metrics, such as a low debt-to-equity ratio and rising profits, which may not be sufficient to offset the concerns regarding its valuation and recent trading activity.