Why is IRIS Business falling/rising?

As of 11-Jul, IRIS Business Services Ltd is experiencing a price increase, currently at Rs 411.25, reflecting a rise of 19.55 or 4.99%. The stock has shown strong performance recently, gaining 11% over the last three days and outperforming its sector by 5.27% today. It has also outperformed the benchmark Sensex over the past week and month, with returns of +11.66% and +62.74%, respectively. The stock is trading above all its moving averages, indicating a positive trend. Additionally, the company has a low debt-to-equity ratio, which is favorable for its financial health, and it has generated a remarkable 70.64% return over the past year, further contributing to investor confidence.
In the broader market context, while the Sensex has seen a slight decline of 1.12% over the past week and is nearly flat over the past month, IRIS Business has significantly outperformed this benchmark. The stock's strong liquidity, evidenced by a 43.56% increase in delivery volume compared to the five-day average, suggests rising investor participation and interest. This combination of positive stock-specific factors and the stock's ability to outperform the broader market indicates a strong upward momentum for IRIS Business Services Ltd.