Why is Intellect Design falling/rising?

As of 30-Jul, Intellect Design Arena Ltd. is experiencing a price increase, currently at 1,057.80, reflecting a rise of 25.5 points or 2.47%. Today's performance indicates that the stock has outperformed its sector by 2.35%, reaching an intraday high of Rs 1,067, which is a 3.36% increase. Despite a recent decline in delivery volume by 46.43% compared to the 5-day average, the stock remains liquid enough for trades of Rs 1.75 crore. Over the past week, the stock has seen a decline of 11.74%, but it has shown resilience with a year-to-date increase of 10.58% and a significant 566.96% rise over the last five years. The company's strong fundamentals, including a high return on equity (ROE) of 15.25%, low debt-to-equity ratio, and impressive operating profit growth of 50.19%, contribute positively to its recent price movement.
In the broader market context, while the stock has outperformed the Sensex in the long term, it has faced challenges in the short term, with a 1-week decline of 11.74% compared to the benchmark's drop of only 1.50%. However, the stock's strong institutional holdings at 34.99% and their increased stake of 1.9% over the previous quarter suggest confidence in the company's future performance. The stock's ability to generate a 7.53% return over the past year, coupled with a healthy growth in profits, positions it favorably against its peers, despite recent volatility.