Why is Phoenix Township falling/rising?

As of 20-Jun, Phoenix Township Ltd's stock price is currently at 228.30, reflecting a decline of 6.7 points or 2.85%. The stock has been on a downward trend, having underperformed its sector by 4.54% today and experiencing a consecutive fall over the last five days, resulting in a total decline of 6.85% during this period. Although the stock opened with a gain of 3.83% today and reached an intraday high of Rs 245.95, it also touched a low of Rs 226.3. The stock is trading below its moving averages across various time frames, indicating weakness. Additionally, there has been a significant drop in investor participation, with delivery volume plummeting by 91.37% compared to the five-day average. Despite the positive factor of rising promoter confidence, with a 3.43% increase in their stake, the company's low return on equity of 1.48% and poor quarterly results have contributed to the negative sentiment surrounding the stock.
In the broader market context, Phoenix Township's performance has been notably weaker compared to the Sensex, which has gained 1.59% over the past week, while the stock has declined by 6.85%. Year-to-date, the stock is down 19.43%, contrasting sharply with the Sensex's increase of 5.46%. Although the stock has shown strong returns over the past year and three years, the recent poor management efficiency and high valuation relative to its peers have raised concerns among investors, leading to the current downward price movement.