Why is Phoenix Overseas falling/rising?

As of 15-Sep, Phoenix Overseas Ltd is experiencing a decline in its stock price, currently at 21.65, which reflects a decrease of 1.05 or 4.63%. The stock has underperformed its sector by 4.78% 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 75% compared to the 5-day average. Over the past week, the stock has decreased by 3.99%, and year-to-date, it has dropped 22.54%, indicating a consistent downward trend without any available positive factors to counterbalance this performance.
In the broader market context, the Sensex has shown a positive return of 1.20% over the past week and a 6.02% increase year-to-date, highlighting a stark contrast to Phoenix Overseas' performance. This underperformance relative to the benchmark suggests that investor sentiment towards the stock is weak, particularly as it continues to lag behind the market trends. The lack of positive factors further exacerbates the situation, indicating that the stock is struggling to attract investor interest amidst a generally favorable market environment.