Why is Phoenix Overseas falling/rising?

As of 05-Sep, Phoenix Overseas Ltd is experiencing a price increase, currently at 23.00, reflecting a change of 0.2 or 0.88% upward. The stock has outperformed its sector by 0.35% today, and there has been a significant rise in investor participation, with delivery volume increasing by 452.63% compared to the 5-day average. In terms of returns, the stock has shown a notable 6.98% increase over the past week, while it has remained flat over the past month. However, it is important to note that the stock is down 17.71% year-to-date, indicating a longer-term decline despite the recent positive movement.
In the broader market context, the Sensex has increased by 1.29% over the past week and 0.36% over the past month, suggesting that while Phoenix Overseas is performing well in the short term, it is still lagging behind the benchmark in the year-to-date performance. The stock's current price is higher than its 5-day and 20-day moving averages, but lower than its longer-term moving averages, indicating mixed signals regarding its trend. Overall, the recent uptick in price can be attributed to increased trading activity and short-term gains, despite the stock's overall negative performance in the longer term.