Why is Aban Offshore falling/rising?

As of 09-Jul, Aban Offshore Ltd's stock price is currently at 53.49, reflecting a decrease of 0.61, or 1.13%. The stock has been on a downward trend, having lost value for the last six consecutive days, resulting in a total decline of 5.56% during this period. Additionally, the stock has underperformed significantly over the past year, with a return of -21.63% compared to the benchmark index, which has gained 1.43%. The company's weak fundamentals are highlighted by a negative book value, declining net sales, and a high debt-to-equity ratio, which collectively contribute to its classification as a strong sell. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 68.39% against the five-day average, indicating waning interest from investors.
In the broader market context, while the Sensex has shown a slight increase of 0.15% over the past week, Aban Offshore's stock has dropped by 4.48% in the same timeframe, illustrating its underperformance relative to the market. The company's struggles are compounded by a reduction in institutional investor stakes, which fell by 0.77% in the previous quarter, suggesting a lack of confidence from more knowledgeable market participants. Overall, the combination of poor financial performance, declining investor interest, and significant underperformance against the benchmark has led to the stock's current downward trajectory.