Why is Intellect Design falling/rising?

As of 23-Jul, Intellect Design Arena Ltd. is experiencing a rise in its stock price, currently at Rs 1,198.50, reflecting an increase of Rs 23.8 or 2.03%. The stock has shown strong performance recently, gaining 2.37% over the last two days and outperforming its sector by 1.58%. It is also close to its 52-week high, just 4.71% away from Rs 1,255. The stock has demonstrated impressive returns over various periods, including a 25.29% increase year-to-date and a remarkable 670.99% rise over the past five years. Positive factors contributing to this upward movement include high management efficiency, a low debt-to-equity ratio, and significant growth in operating profit. Additionally, the company reported a strong quarterly performance with a 100.2% increase in profit after tax compared to the previous four-quarter average, which has likely bolstered investor confidence.
In the broader market context, Intellect Design's short-term performance has significantly outpaced the benchmark, with a 1.74% increase over the past week compared to a mere 0.11% rise in the Sensex. This trend of outperformance is consistent with the stock's long-term trajectory, where it has consistently generated higher returns than the benchmark indices over one, three, and five-year periods. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 35.76% against the five-day average, which could indicate a potential risk if this trend continues. Despite this, the high institutional holdings and their increased stake suggest that informed investors remain optimistic about the company's future prospects.