Why is Iris Clothings falling/rising?

As of 12-Aug, Iris Clothings Ltd is experiencing a price increase, currently at 33.30, reflecting a change of 0.22 or 0.67% upward. The stock has outperformed its sector by 1.24% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has gained 2.65%, and in the last month, it has risen by 4.42%, contrasting with the Sensex, which has declined by 0.67% and 2.63% respectively. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Iris Clothings' recent performance stands out against the benchmark, as it has shown a significant short-term return compared to the Sensex. While the stock has increased by 2.65% over the past week, the Sensex has decreased by 0.67%, highlighting the stock's relative strength in a declining market. This trend continues over the past month, with Iris Clothings gaining 4.42% while the Sensex has fallen by 2.63%. Overall, the stock's ability to outperform the benchmark suggests a positive sentiment among investors, despite the lack of specific positive or negative factors to analyze further.