Why is Intellect Design falling/rising?

As of 24-Sep, Intellect Design Arena Ltd. is experiencing a decline in its stock price, currently at 1,027.50, which reflects a decrease of 34.1 points or 3.21%. The stock has underperformed its sector by 2.55% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 4.2%. The stock's performance over the past week shows a slight decrease of 0.08%, while it has gained 6.37% over the past month. Despite this recent downturn, the company has demonstrated strong long-term growth, with an annual operating profit growth rate of 50.19% and a high return on equity (ROE) of 15.25%. However, the stock's delivery volume has fallen significantly, indicating reduced investor participation, which may contribute to the current price decline.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has decreased by 1.18% over the past week. While Intellect Design has shown resilience with a year-to-date return of 7.41% compared to the Sensex's 4.58%, the current negative sentiment may be influenced by the stock trading at a premium relative to its peers and a PEG ratio of 2.7. Additionally, the high institutional holdings at 34.99% suggest that informed investors are backing the company, yet the recent drop in delivery volume could indicate a lack of confidence among retail investors. Overall, while the company has solid fundamentals, the recent price movement reflects a combination of short-term selling pressure and reduced trading activity.