Why is Aban Offshore falling/rising?

As of 11-Aug, Aban Offshore Ltd's stock price is currently at 42.28, reflecting a decrease of 0.66, or 1.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.21% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's negative book value and weak long-term fundamentals, characterized by a -13.36% annual growth rate in net sales and a debt-to-equity ratio of 0, further contribute to its poor performance. Institutional investor participation has also declined, with a 0.81% reduction in their stake, suggesting a lack of confidence in the company's prospects.
In the broader market context, Aban Offshore's performance has been notably worse than the benchmark, with a 1-week return of -1.56% compared to the Sensex's -0.51%. Over the past year, while the BSE500 index has experienced a negative return of -1.85%, Aban Offshore has significantly underperformed with a return of -35.19%. This stark contrast highlights the stock's struggles relative to the market, compounded by its weak financial metrics and declining investor interest.