Why is IRIS Business falling/rising?

As of 10-Jul, IRIS Business Services Ltd is experiencing a price increase, currently at Rs 391.70, reflecting a rise of Rs 11.15 or 2.93%. The stock has shown strong performance recently, gaining 5.72% over the last two days and outperforming its sector by 3.34% today. Additionally, it has achieved a remarkable return of 70.64% over the past year and has consistently outperformed the BSE500 index over various time frames, including 1 year and 3 years. Despite a low Debt to Equity ratio indicating financial stability, there has been a notable decline in investor participation, with delivery volume dropping by 63.93% against the 5-day average.
In the broader market context, the stock's short-term performance is significantly better than the benchmark, as it has gained 11.66% over the past week while the Sensex has remained nearly flat at -0.06%. This contrast highlights the stock's resilience and attractiveness to investors, particularly in the near term. However, the overall year-to-date performance shows a decline of 14.42% compared to the Sensex's gain of 6.46%, indicating that while the stock is currently rising, it has faced challenges earlier in the year.