Why is Phoenix Overseas falling/rising?

As of 10-Sep, Phoenix Overseas Ltd is experiencing a decline in its stock price, currently at 21.75, which reflects a decrease of 0.8 or 3.55%. The stock has underperformed its sector by 3.16% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 73.68% compared to the 5-day average. Over the past week, the stock has decreased by 1.58%, and over the past month, it has declined by 4.19%. Year-to-date, the stock has seen a substantial drop of 22.18%, indicating ongoing challenges for the company.
In the broader market context, the Sensex has shown positive movement, gaining 1.04% over the past week and 2.50% over the past month, while the stock of Phoenix Overseas has continued to struggle. The stark contrast between the stock's performance and the benchmark's positive returns suggests that investor sentiment towards Phoenix Overseas is weak, contributing to its declining price. The lack of available positive factors further emphasizes the challenges the company faces in regaining investor confidence amidst a generally favorable market environment.