Why is Phoenix Overseas falling/rising?

As of 11-Sep, Phoenix Overseas Ltd is experiencing a price increase, with its current price at 22.25, reflecting a rise of 0.5 or 2.3%. Despite this positive movement today, the stock has shown a decline of 2.41% over the past week and a significant year-to-date drop of 20.39%. Today's performance indicates that it has outperformed its sector by 2.59%, although it is currently trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 60.53% compared to the 5-day average, which may indicate a lack of confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.10% over the past week and 5.75% year-to-date, Phoenix Overseas Ltd's performance appears weaker, particularly with its year-to-date decline. The stock's short-term performance contrasts with the broader market, suggesting that while it has seen a slight uptick today, the overall trend remains negative when viewed against the benchmark's positive returns. This divergence may reflect broader market conditions that favor other stocks over Phoenix Overseas Ltd, contributing to its ongoing challenges despite today's price increase.