Why is Phoenix Mills falling/rising?

As of 24-Jul, Phoenix Mills Ltd. is currently priced at 1,456.00, reflecting a slight increase of 2.9 (0.2%). The stock has recently outperformed its sector by 1.38% and has shown signs of a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.15%, and it has underperformed significantly over the last month and year, with returns of -9.00% and -18.00%, respectively. Despite high institutional holdings at 49%, which typically suggests a robust analysis of the company’s fundamentals, the stock has faced challenges due to poor long-term growth metrics and a very expensive valuation relative to its earnings.
In the broader market context, while the Sensex has shown a slight decline of 0.09% over the past week, Phoenix Mills' performance has been notably worse, highlighting its struggles against the benchmark. The stock's negative returns of -18.00% over the past year starkly contrast with the market's positive return of 0.99%, indicating a significant underperformance. This underperformance is compounded by declining profits and flat results, which have contributed to a perception of the stock as a sell, despite recent increases in investor participation and liquidity.