Why is Hexaware Tech. falling/rising?

As of 18-Sep, Hexaware Technologies Ltd is experiencing a price increase, currently at Rs 770.30, reflecting a rise of Rs 14.9 or 1.97%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it outperformed its sector by 1.27%, and it reached an intraday high of Rs 783, marking a 3.65% increase. The stock's performance over the past week is up by 1.55%, while it has increased by 6.07% over the past month. Additionally, the stock's delivery volume has risen significantly, indicating increased investor participation. The company's low debt-to-equity ratio and strong financial results, including record operating cash flow and net sales, contribute positively to its recent price movement, despite its relatively high valuation metrics.
In the broader market context, the stock's short-term performance of 1.55% over the past week is slightly below the benchmark Sensex, which has risen by 1.80% in the same period. While the stock has not generated a return over the past year, it has seen an 18% increase in profits, suggesting potential for future growth. However, the stock's expensive valuation, indicated by a price-to-book value of 8.8, may pose a risk to investors. Overall, the combination of strong financial performance and increased trading activity appears to be driving the stock's recent upward movement, despite some concerns regarding valuation.