Why is Iris Clothings falling/rising?

As of 23-Oct, Iris Clothings Ltd is experiencing a price increase, with its current price at 33.63, reflecting a rise of 1.06 or 3.25%. The stock has shown strong performance today, outperforming its sector by 1.98%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 2.41%, and in the last month, it has increased by 5.26%, both outperforming the Sensex, which rose by 1.20% and 2.87% respectively. However, there is a notable decline in investor participation, as the delivery volume has decreased by 40.33% compared to the 5-day average, which could be a concern for future price stability.
In the broader market context, Iris Clothings' short-term performance is favorable when compared to the Sensex, as it has outperformed the benchmark in both the 1-week and 1-month periods. The stock's year-to-date return of 11.62% also surpasses the Sensex's 9.50%. Despite the recent price increase, the significant drop in delivery volume suggests that while the stock is currently rising, there may be underlying issues with investor engagement that could affect its future performance. The absence of specific positive or negative factors in the dashboard limits further insights into the reasons behind the stock's recent movements.