Why is Hexaware Tech. falling/rising?

As of 19-Sep, Hexaware Technologies Ltd is experiencing a price increase, currently at 781.90, reflecting a rise of 11.6 points or 1.51%. The stock has shown positive performance today, outperforming its sector by 1.91% and achieving a consecutive gain over the last two days with a total return of 3.51%. It reached an intraday high of Rs 800.55, indicating strong upward momentum. However, despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 8.79% compared to the five-day average. The company benefits from a low debt-to-equity ratio and has reported impressive financial results, including record operating cash flow and net sales, which support its recent price rise.
In the broader market context, Hexaware's short-term return of 2.54% over the past week significantly outpaces the Sensex's return of 0.88% during the same period. This indicates that the stock is performing well relative to the benchmark. While the stock has generated no return over the past year, its profits have increased by 18%, suggesting that the market may be responding positively to its growth potential despite its current valuation concerns, such as a high price-to-book ratio. Overall, the combination of strong financial results and relative outperformance against the benchmark contributes to the stock's rising price.