Why is IRIS Business falling/rising?

As of 23-Jul, IRIS Business Services Ltd is experiencing a price increase, currently at Rs 391.40, which reflects a rise of 2.4 (0.62%). The stock has shown strong performance recently, gaining 4.1% over the last three days and outperforming its sector by 1.18% today. It has also touched an intraday high of Rs 402.7, indicating positive momentum. Over the past year, the stock has generated a return of 45.12%, significantly outperforming the BSE500 index over the same period. Additionally, the company maintains a low Debt to Equity ratio, which supports its financial stability and attractiveness to investors.
In the broader market context, the stock's short-term performance of +0.05% over the past week is slightly below the Sensex's gain of +0.11%. However, the long-term returns are impressive, with a 379.07% increase over three years compared to the Sensex's 47.54%. This indicates that while the stock may be underperforming in the very short term, its historical performance suggests strong investor confidence and potential for future growth. The rising investor participation, evidenced by a 26.74% increase in delivery volume, further supports the stock's upward trend, indicating a healthy liquidity environment for trading.