Why is Phoenix Overseas falling/rising?

As of 13-Oct, Phoenix Overseas Ltd is experiencing a decline in its stock price, currently at 20.20, reflecting a decrease of 0.9 or 4.27%. The stock has underperformed its sector today by 3.65%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has fallen significantly, with delivery volume dropping by 37.5% compared to the 5-day average. Over the past week, the stock has decreased by 3.58%, and it has shown a substantial decline of 27.73% year-to-date, indicating ongoing negative momentum without any available positive factors to counterbalance this trend.
In the broader market context, the Sensex has shown a slight increase of 0.60% over the past week, contrasting sharply with Phoenix Overseas' performance. While the benchmark has gained 6.69% year-to-date, Phoenix Overseas has faced a significant decline of 27.73%, highlighting a stark underperformance relative to the market. This disparity suggests that broader market conditions are not favoring Phoenix Overseas, contributing to its falling stock price amidst a generally stable market environment.