Why is Phoenix Township falling/rising?

As of 25-Jun, Phoenix Township Ltd is experiencing a decline in its stock price, currently at 225.60, reflecting a decrease of 6.4 points or 2.76%. The stock has underperformed its sector by 5.06% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.77% in this period. The stock reached an intraday high of Rs 242.95 but also touched a low of Rs 222, indicating significant volatility. Over the past week, the stock has fallen by 4.10%, and its year-to-date performance shows a decline of 20.38%, contrasting sharply with its impressive one-year return of 72.13%. Despite the positive factor of rising promoter confidence, with a 3.43% increase in their stake, the company faces challenges such as poor management efficiency reflected in a low return on equity (ROE) of 1.48% and disappointing quarterly results, which have contributed to the recent price decline.
In the broader market context, while the Sensex has gained 1.61% over the past week, Phoenix Township's performance has been notably weaker, highlighting its struggle against the benchmark. The hotel, resort, and restaurant sector has seen a gain of 2.3%, further emphasizing the stock's underperformance. The decline in investor participation, with delivery volume falling by 11.24% against the five-day average, suggests a lack of confidence among investors, which could be exacerbated by the company's high valuation relative to its peers. Overall, the combination of poor financial performance, declining investor interest, and underperformance relative to the market and sector has led to the stock's recent downward movement.