Why is Intellect Design falling/rising?

As of 03-Sep, Intellect Design Arena Ltd. is experiencing a decline in its stock price, currently at 951.00, which reflects a decrease of 31.0 points or 3.16%. The stock has underperformed its sector by 2.61% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.74%. Although the stock opened with a gain of 3.55% and reached an intraday high of Rs 1016.9, it also touched a low of Rs 949, indicating significant volatility with an intraday fluctuation of 5.71%. Over the past week and month, the stock has seen declines of 3.07% and 3.06%, respectively, while its year-to-date performance shows a slight drop of 0.59%. Despite these recent challenges, the company maintains a high management efficiency with a return on equity (ROE) of 15.25% and a low debt-to-equity ratio, which supports its long-term growth potential.
In the broader market context, Intellect Design's short-term performance has lagged behind the benchmark Sensex, which has only decreased by 0.27% over the past week and 0.04% over the past month. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 54.12% against the five-day average. While the stock has generated a negative return of 3.65% over the past year, its profits have increased by 16.8%, suggesting that the stock may be trading at a premium compared to its peers. The high institutional holdings at 34.99% indicate confidence from larger investors, but the recent price movements and declining participation may reflect market concerns that could be affecting retail investor sentiment.