Why is Hexaware Tech. falling/rising?

As of 23-Sep, Hexaware Technologies Ltd's stock is currently priced at 689.90, reflecting a decline of 36.65 points or 5.04%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 11.77% during this period. Additionally, it has underperformed its sector by 4.45% today. The stock's performance over the past week shows a decline of 9.07%, while it has decreased by 13.38% over the past month. Despite positive financial results reported in June, including the highest operating cash flow and net sales, the stock's valuation appears expensive with a Price to Book Value of 7.9, which may be contributing to the recent price decline. Broader market context indicates that while the Sensex has increased by 0.98% over the past month, Hexaware's stock has significantly lagged behind, suggesting a lack of investor confidence relative to the broader market. The stock's liquidity remains adequate, with a delivery volume increase of 17.5% against the five-day average, indicating some investor interest. However, the overall negative sentiment surrounding the stock, combined with its expensive valuation and recent performance, has led to its current downward trajectory.