Why is Intellect Design falling/rising?

As of 31-Oct, Intellect Design Arena Ltd. is experiencing a significant rise in its stock price, currently at 1,132.90, reflecting an increase of 86.2 points or 8.24%. The stock has shown strong performance today, outperforming its sector by 8.1%, and has gained consecutively over the last three days, accumulating a total return of 10.16% in that period. Additionally, the stock has consistently traded above its moving averages across various time frames, indicating a bullish trend. Over the past year, Intellect Design has generated a remarkable return of 54.07%, significantly outpacing the benchmark Sensex, which only rose by 5.73%. The company's strong fundamentals, including a high return on equity (ROE) of 15.25%, low debt-to-equity ratio, and positive quarterly results, further support the upward movement of its stock price.
In the broader market context, while the Sensex has shown a slight decline of 0.32% over the past week, Intellect Design has surged by 13.58%, highlighting its resilience and strong market position. The stock's performance is bolstered by high institutional holdings at 34.71%, which suggests confidence from knowledgeable investors. Despite a recent decline in investor participation, as indicated by a drop in delivery volume, the overall liquidity remains sufficient for trading. The company's ability to maintain a fair valuation with a PEG ratio of 1, alongside its impressive long-term performance, positions it favorably against its peers, contributing to the stock's rising trajectory.