Why is Phoenix Township falling/rising?

As of 24-Sep, Phoenix Township Ltd's stock price is currently at 166.55, reflecting a decline of 3.65, or 2.14%. The stock has been on a downward trend, having underperformed its sector by 1.29% today and experiencing a consecutive fall over the last six days, resulting in a total decline of 16.68%. The stock reached an intraday high of Rs 175.85 but also dipped to a low of Rs 164.35. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company's financial health is concerning, with a low return on equity of 1.47% and a high debt-to-EBITDA ratio of 25.21 times, which suggests poor management efficiency and low profitability. Furthermore, negative sales growth of 22.05% in the last six months has compounded the stock's decline, leading to a significant drop of 29.01% over the past year.
In the broader market context, while the benchmark Sensex has shown a modest decline of 1.18% over the past week, Phoenix Township's stock has significantly underperformed with a drop of 13.70% in the same period. This stark contrast highlights the company's struggles relative to the market. Despite a healthy long-term growth rate in operating profit of 45.09%, the recent financial results and high debt levels have overshadowed these positives, contributing to a lack of investor confidence. The stock's liquidity remains adequate, but the overall sentiment is negative, as evidenced by the substantial decline in its price and performance compared to the broader market.