Why is Aban Offshore falling/rising?

As of 12-Sep, Aban Offshore Ltd is experiencing a decline in its stock price, currently at 44.22, reflecting a decrease of 0.53 or 1.18%. The stock has underperformed its sector today by 1.66%, and it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 44.7% against the 5-day average. Over the past week, the stock has decreased by 0.85%, while it has shown a modest increase of 4.39% over the past month. However, the longer-term performance remains concerning, with a year-to-date decline of 30.21% and a staggering 41.92% drop over the past year.
In the broader market context, the Sensex has risen by 1.48% over the past week and 2.08% over the past month, indicating that Aban Offshore's recent performance is not aligned with the overall market trend. The company's weak long-term fundamentals, highlighted by a negative book value and high debt-to-equity ratio, contribute to its risk profile. Institutional investors have also reduced their stakes, indicating a lack of confidence in the company's prospects. With flat results reported for the last quarter and a significant decline in net sales, the stock's performance is underwhelming compared to both its historical performance and the broader market, leading to its current downward trajectory.