Why is Hexaware Tech. falling/rising?

As of 04-Sep, Hexaware Technologies Ltd is experiencing a decline in its stock price, currently at Rs 730.45, which represents a decrease of Rs 18.2 or 2.43%. The stock has underperformed its sector by 1.63% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 2.81%. Additionally, the stock touched an intraday low of Rs 726.35. In terms of returns, the stock has fallen by 6.28% over the past week, while it has shown a modest increase of 3.13% over the past month. However, it is important to note that the stock's performance is higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. The recent drop in investor participation, with a significant decrease in delivery volume by 39.3%, may also be contributing to the stock's decline.
In the broader market context, the Sensex has increased by 0.80% over the past week, indicating that Hexaware's short-term performance is lagging behind the benchmark. Despite the stock's recent struggles, it has a low debt-to-equity ratio and has reported strong financial results, including the highest operating cash flow and net sales in June. However, the stock's valuation appears expensive with a price-to-book value of 8.3, and while profits have risen by 18% over the past year, the stock has generated a return of 0.00%. This combination of factors suggests that while the company has solid fundamentals, the current market sentiment and valuation concerns are contributing to the stock's recent downward movement.