Why is Intellect Design falling/rising?

As of 25-Jul, Intellect Design Arena Ltd. is experiencing a decline in its stock price, currently at 1,034.70, which reflects a decrease of 107.05 points or 9.38%. The stock has underperformed its sector by 7.91% today and has been on a downward trend for the last two days, accumulating a total loss of 13.67%. It opened with a loss of 2.34% and reached an intraday low of Rs 1,017.4, indicating significant volatility with an intraday fluctuation of 7.62%. Over the past week, the stock has seen a return of -11.62%, while its performance over the past month is also negative at -7.05%. Despite these short-term declines, the company has shown strong long-term growth indicators, such as a high return on equity (ROE) of 15.25% and a substantial increase in operating profit at an annual rate of 144.32%.
In the broader market context, Intellect Design's short-term performance has significantly lagged behind the Sensex, which has only decreased by 0.36% over the same week. However, the stock has demonstrated positive long-term returns, with a year-to-date increase of 8.16% compared to the Sensex's 4.25%. The company benefits from high institutional holdings at 34.99%, which have increased by 1.9% over the previous quarter, suggesting confidence from larger investors. While the stock is currently facing downward pressure, its fundamentals remain strong, with healthy profit growth and a fair valuation relative to peers, indicating potential for recovery in the long run.