Why is Aban Offshore falling/rising?

As of 10-Jul, Aban Offshore Ltd's stock price is currently at 52.52, reflecting a decline of 0.97, or 1.81%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 7.27% during this period. In terms of returns, the stock has decreased by 4.86% over the past week and 17.11% year-to-date, significantly underperforming the benchmark Sensex, which has gained 6.46% in the same timeframe. The stock's negative performance is compounded by a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of 13.36% and a high debt-to-equity ratio, indicating financial instability. Additionally, there has been a notable decrease in investor participation, with delivery volumes falling by 10.26% against the five-day average, further contributing to the stock's downward trend.
In the broader market context, while the Sensex has shown resilience with a slight increase of 0.97% over the past month, Aban Offshore's performance has been starkly negative, with a year-over-year decline of 22.19%. This underperformance is indicative of the company's struggles compared to the overall market, which has generated positive returns of 1.46% over the last year. The decline in institutional investor participation, which has decreased by 0.77% in the previous quarter, suggests a lack of confidence in the company's future prospects, further exacerbating the stock's challenges in a market that is otherwise showing growth.