Why is Phoenix Township falling/rising?

As of 14-Jul, Phoenix Township Ltd's stock price is currently at 213.95, reflecting a decline of 5.25 points or 2.4%. The stock has been on a downward trend, having underperformed its sector by 1.75% today and experiencing a consecutive fall for the last five days, resulting in a total decline of 10.85% over that period. The stock opened lower today, down 2.33%, and reached an intraday low of Rs 210, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a drastic drop in investor participation, with delivery volume falling by 96.48% compared to the 5-day average. Despite a strong historical performance, including a 43.59% return over the past year, the company faces challenges such as poor management efficiency, indicated by a low return on equity of 1.48%, and disappointing quarterly results, which have contributed to the stock's recent decline.
In the broader market context, Phoenix Township's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -10.85% compared to the Sensex's -1.42%. While the company has demonstrated rising promoter confidence with a 3.43% increase in stake, reflecting optimism about its future, this has not been enough to counterbalance the negative sentiment stemming from its recent financial performance and valuation concerns. The stock's high price-to-book ratio suggests it is trading at a premium relative to its peers, further complicating its attractiveness to investors amid the current market conditions.