Why is Hexaware Tech. falling/rising?

As of 20-Aug, Hexaware Technologies Ltd is experiencing a price increase, currently at Rs 773.20, which reflects a rise of Rs 26.85 or 3.6%. The stock has shown strong performance today, outperforming its sector by 1.17% and achieving a consecutive gain over the last three days with an overall return of 8.01% during this period. The stock reached an intraday high of Rs 777.55, indicating positive momentum. However, it is important to note that the stock's performance over the past month has been negative, with a decline of 10.28%. Despite this, the company has reported positive financial results, including the highest operating cash flow and net sales in its recent quarter, which may contribute to investor confidence.
In the broader market context, Hexaware's short-term return of 6.65% over the past week significantly outperforms the Sensex, which has only increased by 1.64% during the same period. This suggests that while the stock is currently gaining, it has underperformed relative to the benchmark over the past month. Additionally, the IT - Software sector has gained by 2.35%, indicating a favorable environment for the stock. However, a notable decline in investor participation, with delivery volume falling by 46.62% against the five-day average, could pose risks to sustained momentum. Overall, while the stock is rising due to strong recent performance and positive financial results, the broader market dynamics and declining investor engagement may impact its future trajectory.