Why is Intellect Design falling/rising?

As of 04-Aug, Intellect Design Arena Ltd. has seen its stock price rise to 1,010.05, reflecting an increase of 28.15 or 2.87%. Today's price summary indicates that the stock has outperformed its sector by 1.25% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 1,011.7, although it has been trading with lower delivery volume compared to the average. Over the past week, the stock has declined by 3.79%, but it has shown a positive year-to-date return of 5.59% and a solid performance over the past three years, with a return of 63.16%. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong operating profit growth, which contribute positively to its recent price movement.
In the broader market context, while Intellect Design has outperformed the BSE Sensex in the long term, it has underperformed in the short term, with a 1-week return of -3.79% compared to the Sensex's slight gain of 0.16%. Despite this short-term decline, the stock's strong fundamentals, including a high return on equity and significant institutional holdings, suggest a resilient position in the market. The stock's ability to generate returns exceeding those of its peers over the past year and its continued growth in profits indicate a favorable outlook, even amidst recent fluctuations.