Why is Phoenix Township falling/rising?

As of 04-Aug, Phoenix Township Ltd is experiencing a decline in its stock price, currently at Rs 171.40, reflecting a decrease of 9.0 points or 4.99%. The stock has underperformed its sector by 5.81% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 10.24%. It opened with a gap down of 2.49% and reached an intraday low of Rs 171.40. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant increase in delivery volume by 147.16% on August 1, the overall performance over the past week and month shows a decline of 8.83% and 26.44%, respectively, indicating a troubling trend for investors.
In the broader market context, while the Sensex has shown a slight increase of 0.16% over the past week, Phoenix Township's performance has been notably poor, with a year-to-date decline of 39.51% compared to the Sensex's gain of 3.69%. The company's low return on equity of 1.48% and flat financial results, including a significant drop in profit before tax and profit after tax, contribute to concerns about management efficiency and profitability. Although the stock has generated a positive return of 23.22% over the past year, the recent financial performance and high valuation metrics suggest that investors may be losing confidence, leading to the current downward price movement.