Why is IRIS Business falling/rising?

As of 23-Sep, IRIS Business Services Ltd is experiencing a price increase, currently at 327.85, reflecting a change of 2.85 or 0.88% upward. Today's performance indicates that the stock has outperformed its sector by 1.25%. However, despite this short-term gain, the stock has shown a decline of 1.10% over the past month and a significant year-to-date drop of 28.37%. The stock's recent performance is characterized by a higher price than its 5-day and 100-day moving averages, yet it remains below the 20-day, 50-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 93.33% against the 5-day average. The company has a low debt-to-equity ratio and has generated consistent returns over the last three years, but it recently declared negative results, including a 93.6% drop in PAT and the lowest operating profit to net sales ratio.
In the broader market context, the stock's short-term return of +2.81% over the past week contrasts with the Sensex, which has declined by 0.34%. While IRIS Business has outperformed the benchmark in the short term, it has underperformed over longer periods, with a year-to-date return significantly lower than the Sensex's 5.07% gain. Furthermore, institutional investors have reduced their stake in the company, indicating a lack of confidence among those with greater analytical resources. This decline in institutional participation, coupled with the company's recent poor financial performance, suggests that while there may be short-term upward movement, the overall outlook remains concerning.