Why is Phoenix Mills falling/rising?

As of 07-Aug, Phoenix Mills Ltd. is currently priced at 1,447.35, reflecting a slight decline of -0.35 (-0.02%). The stock has been experiencing a downward trend, having lost -1.88% over the last two days, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by -45.38% compared to the 5-day average. Despite a healthy long-term growth rate in net sales and operating profit, the stock's performance has been negatively impacted by flat results reported on June 25, a high valuation relative to its return on capital employed, and a decline in profits of -10.1% over the past year.
In the broader market context, Phoenix Mills has underperformed compared to the Sensex, with a 1-week return of -2.66% against the benchmark's -0.69% and a 1-month return of -6.08% versus -3.38%. This indicates that the stock is not only struggling in isolation but is also lagging behind the overall market performance. The high institutional holdings at 49% suggest that informed investors are closely monitoring the company's fundamentals, which may contribute to the stock's current valuation challenges and overall negative sentiment in the market.