Why is Hexaware Tech. falling/rising?

As of 01-Sep, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at 750.00, which reflects a decrease of 5.55 (-0.73%). The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total return of -9.02% over the past week. Today's performance indicates that it underperformed its sector by 2%, and it reached an intraday low of Rs 739.4. Although the stock is trading higher than its 20-day and 200-day moving averages, it is below its 5-day, 50-day, and 100-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 46.56% compared to the 5-day average. While the company has shown strong financial results in the recent quarter, including record operating cash flow and net sales, it faces challenges with an expensive valuation and a stagnant return over the past year.
In the broader market context, Hexaware's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.56% over the past week. This indicates that the stock's short-term struggles are more pronounced than the overall market trend. Despite a positive long-term performance over five years, where the stock has gained 86.54%, the recent downturn suggests that investor sentiment may be shifting, particularly in light of the company's high price-to-book value and the relatively flat return on equity. The combination of these factors has contributed to the stock's current decline amidst a market that is not experiencing significant volatility.