Why is Intellect Design falling/rising?

As of 23-Sep, Intellect Design Arena Ltd. is currently priced at 1,061.25, reflecting a decrease of 11.3 points or 1.05%. The stock has underperformed its sector by 0.46% today and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week, with a return of 2.23%, and a notable 9.86% increase over the past month. The stock is trading above its moving averages, indicating a generally positive trend, and there has been a significant increase in investor participation, with delivery volume rising by 126.02% compared to the five-day average. Additionally, the company has demonstrated high management efficiency, a low debt-to-equity ratio, and healthy long-term growth, which may support its valuation despite the recent price drop.
In the broader market context, while Intellect Design has generated a return of 9.10% over the past year, the benchmark Sensex has declined by 3.33% in the same period, highlighting the stock's resilience in a challenging market environment. The stock's performance over the last three years has been particularly impressive, with a return of 95.19% compared to the benchmark's 41.31%. This outperformance suggests that, despite the current decline, the stock remains attractive to investors, especially given the high institutional holdings and their increased stake, which reflects confidence in the company's fundamentals.