Why is Phoenix Overseas falling/rising?

As of 23-Sep, Phoenix Overseas Ltd is experiencing a decline in its stock price, currently at 21.90, which reflects a decrease of 0.2 or 0.9%. The stock has underperformed in the short term, with a 1-week return of -1.79% compared to the Sensex's -0.28%. However, today the stock outperformed its sector by 0.68%, and there has been a notable increase in investor participation, with delivery volume rising by 94.44% against the 5-day average. Despite these positive indicators, the stock's performance year-to-date shows a significant decline of 21.65%, indicating ongoing challenges.
In the broader market context, while the Sensex has shown a positive return of 6.45% year-to-date, Phoenix Overseas has struggled to keep pace, particularly over the past month where it has declined by 0.90%. The stock's moving averages indicate that it is currently above its 5-day average but below longer-term averages, suggesting mixed momentum. The liquidity of the stock appears adequate for trading, but the overall negative sentiment reflected in its year-to-date performance may be contributing to the downward pressure on its price.