Why is Iris Clothings falling/rising?

As of 13-Nov, Iris Clothings Ltd is experiencing a price increase, with the current price at 33.73, reflecting a change of 0.43 or 1.29% upward. The stock has outperformed its sector by 1.35% today, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 7.69% compared to the 5-day average. Despite this, the stock has shown strong returns over various periods, including a 5.77% increase over the past week and an 11.95% rise year-to-date. The company's ability to service debt is supported by a low Debt to EBITDA ratio of 1.46 times, and it has demonstrated healthy long-term growth with an annual operating profit increase of 32.88%.
In the broader market context, Iris Clothings' short-term performance has significantly outpaced the benchmark, with a 5.77% return over the past week compared to the Sensex's 1.45%. This indicates that while the stock is rising, it is doing so at a rate much higher than the overall market. However, the stock has underperformed over the longer term, particularly in the 3-year period, where it has declined by 72.23% compared to the Sensex's 41.03% increase. This contrast highlights the stock's recent positive momentum against a backdrop of historical underperformance, suggesting that current gains may be a corrective response to previous declines.