Why is Aban Offshore falling/rising?

As of 18-Sep, Aban Offshore Ltd's stock price is currently at 43.80, reflecting a decrease of 0.4, or 0.9%. The stock has been underperforming, having lost 2.01% over the last two days and is trading below all key moving averages, indicating a bearish trend. In the past week, the stock has declined by 2.12%, while its performance over the past year shows a significant drop of 40.51%. The company's negative book value and weak long-term fundamentals, highlighted by a high debt-to-equity ratio and declining net sales, contribute to its poor performance. Additionally, institutional investors have reduced their stakes, signaling a lack of confidence in the stock's future prospects.
In the broader market context, Aban Offshore's recent performance contrasts sharply with the Sensex, which has gained 1.80% over the past week. While the stock has shown a slight positive return of 2.79% over the past month, its year-to-date performance remains concerning with a decline of 30.87%. This underperformance relative to the benchmark indicates that investor sentiment is weak, further exacerbated by the company's flat results and falling participation from institutional investors. Overall, the stock's negative trajectory is compounded by both company-specific issues and a broader market that appears to be moving in a more favorable direction.