Why is IRIS Business falling/rising?

As of 11-Sep, IRIS Business Services Ltd's stock is currently priced at 316.10, reflecting a decline of 6.0 points or 1.86%. The stock has been underperforming, having fallen for four consecutive days, resulting in a total drop of 9.43% during this period. Today's trading saw the stock reach a high of Rs 329 but also dip to a low of Rs 308.2, indicating significant volatility. The stock's performance over the past week shows a decrease of 7.03%, and over the past month, it has fallen by 11.32%. Additionally, the company reported negative results in June 2025, with a substantial drop in profit after tax and operating profit, contributing to a perception of an expensive valuation relative to its peers. Institutional investor participation has also decreased, which may further impact market confidence.
In the broader market context, the Sensex has shown a positive return of 1.03% over the past week, contrasting sharply with IRIS Business's decline. This divergence highlights the stock's struggles against a generally positive market backdrop. While the stock has generated a modest return of 5.93% over the past year, it has significantly underperformed the benchmark indices in the short term, with a year-to-date decline of 30.94% compared to the Sensex's gain of 4.36%. The combination of falling investor participation, disappointing financial results, and a high valuation relative to peers suggests that the stock's recent movements are driven by negative sentiment and a lack of confidence among investors.