Why is Aban Offshore falling/rising?

As of 02-Sep, Aban Offshore Ltd's stock price is currently at 46.11, reflecting an increase of 0.61 or 1.34%. The stock has recently experienced a trend reversal, gaining after five consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a one-week return of -4.91% compared to the Sensex's -0.78%. Additionally, the stock's performance over the past year shows a significant decline of -42.22%, indicating ongoing challenges. The company has a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -16.45% and a high debt-to-equity ratio. Furthermore, institutional investor participation has decreased, which may contribute to the stock's volatility and perceived risk.
In the broader market context, while Aban Offshore's recent performance has outpaced its sector by 0.63%, its long-term returns remain concerning, particularly when compared to the Sensex, which has gained 2.58% year-to-date. The stock's liquidity is adequate for trading, but the falling delivery volume suggests waning investor interest. Overall, the combination of poor financial fundamentals, declining institutional support, and underperformance relative to broader market indices paints a challenging picture for Aban Offshore, despite the recent price increase.