Why is Intellect Design falling/rising?

As of 06-Nov, Intellect Design Arena Ltd. is experiencing a decline in its stock price, currently at Rs 1,134.55, which reflects a decrease of Rs 63.3 or 5.28%. The stock has underperformed its sector by 5.37% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 5.4%. Despite this recent decline, the stock has shown strong performance over the past week, month, year-to-date, and year, with returns of 8.39%, 15.58%, 18.60%, and 43.14% respectively, significantly outperforming the Sensex in these periods. However, the stock's trading volume has decreased, with a 37.31% drop in delivery volume compared to the five-day average, indicating falling investor participation.
In the broader market context, while Intellect Design has shown impressive long-term performance, the recent short-term decline contrasts with the Sensex, which has only fallen by 1.30% over the past week. The company's fundamentals remain strong, with a low debt-to-equity ratio, consistent positive results over the last three quarters, and high institutional holdings at 34.71%. These factors suggest that while the stock is currently facing downward pressure, its overall financial health and historical performance may support a recovery in the future.