Why is Intellect Design falling/rising?

As of 08-Sep, Intellect Design Arena Ltd. has seen its stock price rise to 911.30, reflecting an increase of 3.5 or 0.39%. This upward movement comes after four consecutive days of decline, indicating a potential trend reversal. Despite this recent gain, the stock has underperformed in the short term, with a 1-week return of -7.76% compared to a 0.53% increase in the Sensex. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, suggesting mixed momentum. Additionally, there has been a decrease in investor participation, with delivery volume falling by 6.98% against the 5-day average. However, the company boasts high management efficiency, a low debt-to-equity ratio, and strong long-term growth, with operating profit increasing at an annual rate of 50.19%.
In the broader market context, while Intellect Design's stock has struggled with a year-to-date return of -4.74%, the Sensex has gained 3.39% over the same period, highlighting a significant underperformance relative to the benchmark. The stock's recent price increase may be influenced by high institutional holdings, which have risen by 1.9% in the previous quarter, indicating confidence from larger investors. Despite the stock trading at a premium compared to its peers, its profits have increased by 16.8% over the past year, suggesting that the fundamentals remain strong. Overall, while the stock has shown a slight recovery today, its longer-term performance relative to the market remains a concern.