Why is IRIS Business falling/rising?

As of 29-Aug, IRIS Business Services Ltd is experiencing a price increase, currently at Rs 369.00, reflecting a rise of 5.0 (1.37%). The stock has shown strong performance recently, gaining 11.31% over the past week and outperforming its sector by 1.45% today. It opened with a significant gain of 4.18% and reached an intraday high of Rs 379.2. However, the stock has also faced challenges, such as a decline in delivery volume by 32.46% against the 5-day average, indicating falling investor participation. While the company has demonstrated consistent returns over the last three years, including a 49.09% return in the past year, it has reported negative results recently, with a significant drop in profits, which may weigh on investor sentiment.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has declined by 1.84% over the past week. This suggests that IRIS Business is benefiting from a relative strength compared to the overall market. However, the company faces headwinds from decreasing institutional investor participation, which may indicate a lack of confidence among more sophisticated investors. Despite its recent gains, the stock's high valuation relative to its peers and the reported decline in profits could lead to caution among investors moving forward.