Why is Phoenix Township falling/rising?

As of 22-Jul, Phoenix Township Ltd is experiencing a decline in its stock price, currently at 204.00, which reflects a decrease of 8.0 or 3.77%. The stock has underperformed its sector by 2.36% today and has fallen after two consecutive days of gains. It opened with a loss of 4.25% and reached an intraday low of Rs 203. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 17.59% compared to the 5-day average. Despite a strong long-term performance, with a 41.57% return over the past year and a remarkable 430.56% increase over three years, the recent quarterly results have shown significant declines in profit before tax and profit after tax, contributing to the stock's downward movement.
In the broader market context, Phoenix Township's short-term performance has been weaker than the benchmark, with a 1-week return of -2.18% compared to the Sensex's -0.47%. While the company has seen rising promoter confidence with a 3.43% increase in stake, the low return on equity of 1.48% and high valuation relative to peers raise concerns about its profitability. The stock's recent struggles, including poor management efficiency and flat quarterly results, overshadow the positive long-term returns and may lead investors to reassess their positions, contributing to the current decline in stock price.