Why is Hexaware Tech. falling/rising?

As of 13-Aug, Hexaware Technologies Ltd is experiencing a rise in its stock price, currently at 725.00, reflecting an increase of 20.85 or 2.96%. The stock has shown a positive performance today, outperforming its sector by 2.82%, and has gained consecutively over the last two days, accumulating a total return of 3.83%. It opened with a gain of 2.22% and reached an intraday high of Rs 726.6. However, the stock has underperformed over the past month with a decline of 16.47%. Despite this, the company has reported strong financial results, including the highest operating cash flow and net sales in its recent quarter, which may contribute positively to investor sentiment.
In the broader market context, Hexaware's short-term performance contrasts with the Sensex, which has remained relatively flat with a change of -0.01% over the past week. While the stock has shown a slight positive return in the short term, its longer-term performance has been less favorable, with a significant decline over the past month compared to the benchmark. The company's low debt-to-equity ratio and strong profit growth may support its valuation, but concerns about its relatively high price-to-book ratio and falling investor participation could pose risks to its continued upward momentum.