Why is Hexaware Tech. falling/rising?

As of 08-Aug, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at Rs 720.20, which reflects a decrease of Rs 5.85 or 0.81%. The stock has shown a mixed performance recently, with a 1-week return of +3.69%, indicating some short-term strength, but it has significantly underperformed over the past month with a decline of -18.42%. Today's trading saw the stock touch an intraday low of Rs 710, and it is currently trading below several moving averages, specifically the 20-day, 50-day, and 100-day averages, despite being above the 5-day and 200-day averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 42.43% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, while the Sensex has declined by 0.92% over the past week, Hexaware's performance has been relatively stronger in that timeframe. However, the stock's longer-term performance is concerning, as it has not generated any returns over the past year, despite an increase in profits by 18%. The company's low debt-to-equity ratio and strong operating cash flow are positive indicators, but the high price-to-book value suggests that the stock may be overvalued, contributing to its recent price decline. Overall, while there are some positive fundamentals, the recent price movement reflects a combination of declining investor interest and concerns over valuation.