Why is Phoenix Overseas falling/rising?

As of 12-Sep, Phoenix Overseas Ltd is experiencing a price increase, currently at 22.70, which reflects a rise of 0.45 or 2.02%. Today's price summary indicates that the stock has outperformed its sector by 2.73%, and there has been a notable increase in investor participation, with delivery volume rising by 17.65% against the 5-day average. However, while the stock is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week and month shows declines of 1.30% and 1.09%, respectively, and a year-to-date drop of 18.78%, indicating a challenging longer-term trend.
In the broader market context, the Sensex has shown positive returns, increasing by 1.51% over the past week and 2.56% over the past month, while Phoenix Overseas has struggled to keep pace. The year-to-date performance gap is significant, with the Sensex up 6.21% compared to the stock's decline. This suggests that while there may be short-term positive movements for Phoenix Overseas, the overall market sentiment remains stronger, which could be influencing investor behavior and expectations regarding the stock's future performance.