Why is IRIS Business falling/rising?

As of 07-Jul, IRIS Business Services Ltd's stock price is currently at Rs 386.70, reflecting an increase of Rs 18.4 or 5.0%. The stock has shown impressive performance, gaining 59.56% over the last 10 days and outperforming its sector by 5.23% today. It opened with a 5% gain and reached an intraday high of Rs 386.7. Over the past year, the stock has generated a return of 69.31%, significantly higher than the broader market's return of 1.74%. Additionally, the company maintains a low Debt to Equity ratio, which contributes positively to investor sentiment and supports the stock's recent upward movement.
In the broader market context, the stock's short-term performance is notably strong, with a 27.60% increase over the past week, while the Sensex has slightly declined by 0.20%. This stark contrast highlights the stock's resilience and appeal to investors amidst a challenging market environment. The stock's liquidity is also favorable, with a delivery volume increase of 9.94% against the 5-day average, indicating rising investor participation. Overall, the combination of strong recent returns, positive investor sentiment, and solid liquidity contributes to the stock's upward trajectory.