Why is Phoenix Township falling/rising?

As of 24-Jun, Phoenix Township Ltd's stock price is currently at 232.00, reflecting a decrease of 4.9, or 2.07%. Today's price summary indicates that the stock opened with a gain of 2.91% but has since underperformed its sector by 2.81%. The stock reached an intraday high of Rs 246.9 but also touched a low of Rs 225.35, indicating significant volatility. Over the past week, the stock has declined by 2.91%, and its year-to-date performance shows a notable drop of 18.12%. Despite a strong one-year return of 69.38%, the company is facing challenges such as low management efficiency, evidenced by a Return on Equity (ROE) of just 1.48%, and disappointing quarterly results, which have contributed to a perception of poor profitability.
In the broader market context, while the Sensex has gained 0.58% over the past week, Phoenix Township's performance has lagged significantly. The stock's recent decline can be attributed to falling investor participation, with delivery volume decreasing by 77.68% against the five-day average, and it is trading below all key moving averages, indicating a bearish trend. Although there is rising promoter confidence with a 3.43% increase in stake, the company's expensive valuation relative to its peers and flat quarterly results have raised concerns among investors, leading to the stock's current downward movement.