Why is IRIS Business falling/rising?

As of 22-Jul, IRIS Business Services Ltd is experiencing a price increase, currently at Rs 389.00, reflecting a rise of Rs 12.55 or 3.33%. The stock has shown strong performance today, outperforming its sector by 3.34% and has gained consecutively for the last two days, accumulating a total return of 3.46% during this period. It opened with a notable gain of 3.87% and reached an intraday high of Rs 395.25. Over the past year, the stock has generated a return of 41.35%, significantly outperforming the BSE500 index over the same timeframe. Additionally, the company maintains a low Debt to Equity ratio, which contributes positively to investor sentiment.
In the broader market context, the stock's short-term performance over the past week shows a slight decline of 0.26%, while the benchmark Sensex has decreased by 0.47%. However, the stock's one-month return of 57.68% stands in stark contrast to the Sensex's decline of 0.27%, indicating strong relative strength. The rising investor participation, evidenced by a 24.49% increase in delivery volume, further supports the stock's upward momentum. Overall, IRIS Business Services Ltd is demonstrating robust performance in both the short and long term, which is likely driving the recent rise in its stock price.