Why is Intellect Design falling/rising?

As of 11-Aug, Intellect Design Arena Ltd. has seen its stock price rise by 10.0 points, or 1.08%, reaching a current price of 939.00. Today's price summary indicates that the stock has outperformed its sector by 0.78%. However, it is noteworthy that the stock has experienced a decline of 6.82% over the past week and 18.42% over the past month. Despite this recent downturn, the company showcases strong fundamentals, including a high management efficiency reflected in a return on equity (ROE) of 15.25% and a low debt-to-equity ratio. The company has also reported significant growth in operating profit at an annual rate of 50.19%, and its cash and cash equivalents have reached a high of Rs 327.52 crore. Additionally, institutional holdings have increased by 1.9% over the previous quarter, indicating confidence from larger investors.
In the broader market context, while the stock has underperformed the benchmark Sensex over the past week and month, it has shown resilience with a 51.97% return over the last three years compared to the benchmark's 35.85%. The stock's year-to-date performance is slightly negative at -1.84%, contrasting with the Sensex's positive return of 3.15%. This divergence suggests that while the stock may be facing short-term challenges, its long-term growth potential remains strong, supported by healthy profit growth and institutional interest.