Why is Intellect Design falling/rising?

As of 02-Sep, Intellect Design Arena Ltd. is experiencing a decline in its stock price, currently at 982.00, which reflects a decrease of 6.0 or 0.61%. The stock has underperformed its sector by 0.68% today and has shown a trend reversal after two consecutive days of gains. Additionally, the stock's delivery volume has decreased by 24.09% compared to the five-day average, indicating falling investor participation. Despite this, the company has demonstrated strong management efficiency with a high return on equity (ROE) of 15.25% and a low debt-to-equity ratio, suggesting a stable financial position. The stock has generated a return of -0.91% over the past year, even as profits have increased by 16.8%, indicating a potential disconnect between stock performance and underlying profitability.
In the broader market context, the stock's short-term performance over the past week shows a slight gain of 0.09%, while the benchmark Sensex has declined by 0.78%. This indicates that Intellect Design has managed to outperform the broader market in the short term, despite its current price drop. The company's high institutional holdings at 34.99% suggest confidence from larger investors, which could provide some support for the stock. However, the recent price movement and declining trading volume may reflect a cautious sentiment among investors, particularly in light of the stock trading at a premium compared to its peers' historical valuations.