Why is Phantom Digital falling/rising?

As of 01-Oct, Phantom Digital Effects Ltd is experiencing a decline in its stock price, currently at 220.90, which reflects a decrease of 11.6 points or 4.99%. The stock has underperformed its sector today by 6.29% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 11.20%, and it has seen a significant decline of 36.26% over the past year. Despite a recent increase in investor participation, with delivery volume rising by 91.75% against the 5-day average, the overall performance remains concerning due to the stock's substantial losses and underperformance compared to the BSE500 index.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.86% over the past month, contrasting sharply with Phantom Digital's 12.67% decline during the same period. While the company boasts high management efficiency and strong growth in net sales and operating profit, it also faces challenges such as a very expensive valuation and a significant drop in profits over the past year. The stock's negative returns and underperformance in both the long-term and near-term suggest that investor sentiment is currently unfavorable, contributing to the ongoing decline in its price.