Why is Hexaware Tech. falling/rising?

As of 15-Sep, Hexaware Technologies Ltd is experiencing a slight increase in its stock price, currently at 764.60, reflecting a change of 2.1 or 0.28% upward. The stock has shown positive performance recently, outperforming its sector by 0.75% today and has been gaining for the last two days with a total return of 0.8% in that period. Over the past week, the stock has risen by 5.37%, and over the past month, it has increased by 6.81%. While the stock is currently above its 5-day, 20-day, and 200-day moving averages, it remains below its 50-day and 100-day moving averages. However, there has been a decline in investor participation, with delivery volume falling by 28.43% against the 5-day average. The company benefits from a low debt-to-equity ratio and has reported strong financial results, including the highest operating cash flow and net sales in recent quarters, which supports its positive outlook despite an expensive valuation indicated by a price-to-book ratio of 8.7.
In the broader market context, Hexaware Technologies Ltd has outperformed the Sensex, which has only increased by 1.24% over the past week and 1.47% over the past month. This indicates that the stock's recent gains are not only a result of company-specific factors but also reflect a stronger performance relative to the overall market. Despite the stock's flat return over the past year, the company's profits have risen by 18%, suggesting that while the stock may not have appreciated significantly, the underlying business fundamentals remain robust. The combination of strong financial results and relative outperformance against the benchmark has contributed to the stock's recent upward movement.