Why is Phoenix Overseas falling/rising?

As of 21-Aug, Phoenix Overseas Ltd is experiencing a price increase, currently at 23.00, reflecting a rise of 0.7 or 3.14%. The stock has outperformed its sector today by 3.33%, and there has been a notable increase in investor participation, with delivery volume rising by 33.33% against the 5-day average. In terms of returns, the stock has shown a 4.07% increase over the past week, although it has declined by 5.93% over the past month and is down 17.71% year-to-date. The stock's current price is higher than its 5-day and 20-day moving averages, indicating a short-term positive trend, but it remains below its longer-term moving averages, suggesting potential resistance at higher price levels. There are no available positive or negative factors to further explain the stock's recent movement.
Broader market context indicates that while Phoenix Overseas has outperformed the Sensex by a significant margin in the short term, the broader market has shown a modest increase of 1.84% over the past week. The stock's year-to-date performance is notably weaker compared to the Sensex, which has gained 6.09% during the same period. This contrast highlights the challenges faced by Phoenix Overseas in the broader market environment, despite its recent positive price movement.