Why is Intellect Design falling/rising?

As of 24-Jun, Intellect Design Arena Ltd. is experiencing a price increase, currently at 1,076.00, reflecting a rise of 5.25 (0.49%). Today's price summary indicates that the stock has outperformed its sector by 0.49% and has gained after four consecutive days of decline. Despite touching an intraday low of Rs 1,046.95, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. The stock has shown a year-to-date return of 12.48%, significantly outperforming the Sensex, which has returned 5.01% over the same period. Positive factors contributing to the stock's rise include high management efficiency with a return on equity (ROE) of 15.25%, a low debt-to-equity ratio, and a healthy long-term growth rate in operating profit. The company has recently declared positive quarterly results after three negative quarters, with substantial growth in profit after tax and cash reserves.
In the broader market context, while Intellect Design's short-term performance over the past week shows a decline of 12.40%, it has outperformed the Sensex, which has increased by 0.58%. This contrast highlights the stock's volatility in the short term compared to the overall market. The stock's high institutional holdings at 33.09% suggest confidence from larger investors, who typically have more resources for fundamental analysis. However, a decline in investor participation, as indicated by a 14.5% drop in delivery volume, may pose a concern for sustained upward momentum. Overall, the combination of recent positive financial results and institutional support appears to be driving the stock's current upward movement despite recent volatility.