Why is Intellect Design falling/rising?

As of 03-Nov, Intellect Design Arena Ltd. is experiencing a price increase, currently at 1,199.30, reflecting a rise of 66.4 points or 5.86%. The stock has shown strong performance recently, gaining 17.02% over the last four days and outperforming its sector by 6.25%. It is also close to its 52-week high, only 4.64% away from Rs 1255. The stock has demonstrated impressive returns over various periods, including a 61.06% increase over the past year and a staggering 412.96% over the last five years. Positive factors contributing to this rise include high management efficiency indicated by a return on equity (ROE) of 15.25%, a low debt-to-equity ratio, and consistent positive results over the last three quarters, with significant growth in operating cash flow and profit after tax.
In the broader market context, Intellect Design's short-term performance stands in stark contrast to the Sensex, which has declined by 0.94% over the past week while the stock itself has surged by 14.80%. This divergence highlights the stock's strong market position and investor confidence, bolstered by high institutional holdings at 34.71%. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. Overall, the combination of strong financial metrics, consistent performance, and positive market sentiment has contributed to the stock's upward trajectory.