Why is Intellect Design falling/rising?

As of 28-Aug, Intellect Design Arena Ltd. is currently priced at 966.00, reflecting a decrease of 15.1 points or 1.54%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 2.28% during this period. In terms of performance against benchmarks, the stock has shown a slight increase of 0.21% over the past week, while the Sensex has decreased by 2.34%. Despite the recent decline, the company maintains a high management efficiency with a return on equity (ROE) of 15.25% and a low debt-to-equity ratio, indicating financial stability. However, the stock is trading at a premium compared to its peers, and while it has seen a profit increase of 16.8% over the past year, its overall return has been negative at -1.59%.
Broader market context indicates that the stock's short-term performance is relatively better than the benchmark, as it has outperformed the Sensex over the past week. However, the stock's recent performance has been impacted by a significant drop in investor participation, with delivery volume declining by 55.25% against the five-day average. This reduced liquidity may contribute to the stock's price decline, despite the healthy long-term growth indicated by an annual operating profit growth rate of 50.19%. The presence of high institutional holdings at 34.99% suggests that informed investors are backing the stock, which could provide some support against further declines.