Why is Hexaware Tech. falling/rising?

As of 06-Oct, Hexaware Technologies Ltd's stock price is rising, currently at 696.55, reflecting an increase of 27.95 or 4.18%. Today's performance indicates that the stock has outperformed its sector by 2%, reaching an intraday high of Rs 700.55. In the past week, the stock has gained 3.12%, although it has seen a decline of 3.66% over the past month. The company has reported strong financial results, with the highest operating cash flow and net sales in its recent quarter, contributing positively to investor sentiment. However, the stock's valuation appears expensive with a Price to Book Value of 7.9, which may temper some enthusiasm despite its low debt-to-equity ratio.
Broader market context shows that while Hexaware Technologies has outperformed the IT - Software sector today, it has lagged behind the Sensex over the past month, which has gained 1.34%. The stock's recent rise comes amid a broader market that is generally positive, as indicated by the sector's overall gain of 2.14%. However, a significant drop in investor participation, with delivery volume falling by 78.07% against the five-day average, raises concerns about liquidity and sustained interest in the stock. Overall, while the stock is currently experiencing upward momentum, the mixed signals from its performance metrics and market participation suggest caution moving forward.