Why is IRIS Business falling/rising?

As of 08-Jul, IRIS Business Services Ltd is experiencing a decline in its stock price, currently at Rs 370.50, which reflects a decrease of Rs 16.2 or 4.19%. Today, the stock opened with a gain of 4.99% but has since fallen after ten consecutive days of gains, reaching an intraday low of Rs 367.4. Despite this drop, the stock has shown strong performance over the past year, generating a return of 54.50%, significantly outperforming the market benchmark, which returned only 1.98%. The company also maintains a low debt-to-equity ratio, indicating financial stability, which could support its long-term prospects.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex by a considerable margin over the past year. However, in the short term, the stock has underperformed its sector by 3.12%. The rising investor participation, indicated by a 226.69% increase in delivery volume, suggests that there is still interest in the stock despite the recent price decline. This mixed performance highlights the volatility of the stock in the current market environment, where it has traded within a wide range today, reflecting investor uncertainty.