Why is Aban Offshore falling/rising?

As of 14-Jul, Aban Offshore Ltd's stock price is currently at Rs 51.61, reflecting a decrease of Rs 1.47 or 2.77%. The stock has underperformed its sector today by 2.34%, reaching an intraday low of Rs 51.29, which is a decline of 3.37%. Over the past week, the stock has seen a return of -5.53%, and it has significantly underperformed the market over the last year, with a return of -23.60% compared to the Sensex's gain of 2.15%. The company is facing challenges such as a negative book value, a high debt-to-equity ratio, and declining net sales and profit after tax, which contribute to its weak long-term fundamentals. Additionally, there has been a decrease in institutional investor participation, indicating a lack of confidence in the stock.
In the broader market context, Aban Offshore's short-term performance has been notably poor, with a 1-week return of -5.53% compared to the Sensex's decline of only 1.42%. This stark contrast highlights the stock's struggles relative to the overall market. The company's weak financial performance, characterized by a significant drop in net sales and a negative profit after tax, further exacerbates its challenges. Overall, the combination of negative financial indicators and declining investor interest has led to the stock's downward movement.