Why is Phoenix Township falling/rising?

As of 10-Nov, Phoenix Township Ltd's stock price is currently at 162.75, reflecting a decrease of 3.0 points or 1.81%. The stock has been underperforming, having fallen for the last two days with a total decline of 5.9% during this period. Although it opened with a gain of 2.02% today and reached an intraday high of Rs 169.1, it also touched a low of Rs 160.2, indicating significant volatility. The stock's performance over the past week shows a decline of 6.28%, while its year-to-date performance is down 42.56%. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 70.81% compared to the 5-day average, suggesting waning interest among investors.
In the broader market context, the Sensex has only declined by 0.53% over the past week, indicating that Phoenix Township's short-term performance is significantly worse than the benchmark. While the stock has shown positive returns over longer periods, such as a 178.68% increase over three years, its recent performance contrasts sharply with the benchmark's 6.91% gain year-to-date. This underperformance relative to the market, combined with falling investor participation and volatility in trading, contributes to the stock's current downward trajectory.