Why is Phoenix Mills falling/rising?

As of 29-Aug, Phoenix Mills Ltd. is experiencing a slight decline in its stock price, currently at 1,506.10, with a change of -0.4 (-0.03%). The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total return of -4.78% during this period. In terms of longer-term performance, the stock has underperformed the market significantly over the past year, with a return of -17.25% compared to the Sensex's -2.83%. While the stock has shown healthy long-term growth with net sales increasing at an annual rate of 21.47% and operating profit at 28.07%, it is currently facing challenges such as a very expensive valuation and a decline in profits by -10.1% over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of only -1.84% over the past week. The stock's delivery volume has also decreased significantly, indicating falling investor participation, which may contribute to the price decline. Despite having high institutional holdings at 49%, which suggests a level of confidence from larger investors, the stock's valuation concerns and recent flat results have led to a cautious outlook. Overall, while there are positive growth indicators, the combination of recent performance trends and valuation issues is contributing to the stock's current downward movement.