Why is Aban Offshore falling/rising?

As of 19-Sep, Aban Offshore Ltd's stock price is currently at 44.15, reflecting an increase of 0.35 or 0.8%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 0.94% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a modest gain in the last month of 2.65%, the stock has significantly underperformed in the long term, with a year-to-date decline of 30.32% and a one-year return of -38.78%. The company is facing challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength and make it a risky investment.
In the broader market context, the Sensex has increased by 0.88% over the past week, while Aban Offshore has seen a slight decline of 0.16% in the same period, highlighting its underperformance relative to the benchmark. The stock's liquidity remains adequate for trading, but there is a noticeable decrease in institutional investor participation, which fell by 0.81% in the last quarter. This decline suggests a lack of confidence among more knowledgeable investors, further impacting the stock's performance. Overall, while there has been a minor uptick in price, the underlying fundamentals and market sentiment indicate a challenging environment for Aban Offshore Ltd.