Why is Phoenix Overseas falling/rising?

As of 02-September, Phoenix Overseas Ltd is experiencing a price increase, with its current price at 21.80, reflecting a change of 0.3 or 1.4% upward. The stock has outperformed its sector today by 1.56%, although it is currently higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has seen a significant decline in investor participation, with delivery volume dropping by 80.77% against the 5-day average. In terms of returns, the stock has gained 5.83% over the past week and 3.81% over the past month, contrasting with the Sensex, which has seen a decline of 0.54% and a slight increase of 0.06% respectively.
Broader Market Context: In the year-to-date comparison, Phoenix Overseas has underperformed significantly, with a decline of 22.00% compared to the Sensex's gain of 3.95%. This stark difference highlights the challenges the company faces in the broader market context, despite its recent short-term gains. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value, indicating that while the stock is currently rising, it is doing so amidst a backdrop of declining investor interest and overall market performance.