Why is IRIS Business falling/rising?

As of 07-Aug, IRIS Business Services Ltd is experiencing a decline in its stock price, currently at Rs 356.00, which reflects a decrease of Rs 13.65 or 3.69%. The stock has underperformed its sector by 7.26% today and has been on a downward trend for the last two days, with a total drop of 4.56% during this period. Additionally, the stock has shown a negative performance over the past week and month, with declines of 2.48% and 7.94%, respectively. Despite a strong performance over the past year, where it gained 33.13%, the recent trend indicates a struggle against the backdrop of a rising BPO/ITeS sector, which gained 3.54%. The stock's moving averages indicate mixed signals, being higher than the 50-day and 100-day averages but lower than the 5-day, 20-day, and 200-day averages. There is a notable increase in investor participation, with delivery volume rising significantly, suggesting some interest despite the price drop.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.69% over the past week, IRIS Business's performance has been significantly worse, indicating a more pronounced weakness in the stock relative to the broader market. Year-to-date, while the Sensex has gained 3.18%, IRIS Business has fallen by 22.22%, highlighting a stark contrast in performance. The stock's long-term performance remains strong, with impressive gains over three and five years, but the recent short-term trends suggest that investors are currently cautious, possibly influenced by the stock's recent underperformance and the overall market sentiment.