Why is Phoenix Overseas falling/rising?

As of 24-Jul, Phoenix Overseas Ltd is experiencing a decline in its stock price, currently at 23.15, which reflects a decrease of 0.7 or 2.94%. The stock has underperformed in the short term, with a 1-week return of -6.09% and a year-to-date decline of -17.17%. Today's performance indicates that while it has outperformed its sector by 2.18%, it is trading lower than the 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 20% compared to the 5-day average, which suggests waning interest in the stock.
In the broader market context, the Sensex has shown a slight decline of only 0.20% over the past week and a positive return of 5.99% year-to-date, indicating a relatively stable market environment compared to the significant drop in Phoenix Overseas' stock. This stark contrast highlights the stock's struggles, particularly as it has not kept pace with the benchmark's performance. The lack of available positive or negative factors further complicates the understanding of the stock's recent movement, leaving a gap in insights that could explain the ongoing decline.