Why is Aban Offshore falling/rising?

As of 23-Sep, Aban Offshore Ltd's stock price is currently at Rs 43.13, reflecting a decline of Rs 1.22 or 2.75%. The stock has underperformed its sector by 2.8% today and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 43.05 and is trading below all major moving averages, indicating a bearish trend. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 55.82% compared to the five-day average. Over the past year, the stock has generated a return of -44.06%, which is indicative of its weak long-term growth, as evidenced by a negative book value and declining net sales.
In the broader market context, the stock's performance over the past week shows a decline of 3.51%, while the benchmark Sensex has only fallen by 0.34%. This stark contrast highlights the stock's underperformance relative to the market. The company's high debt levels and negative book value further contribute to its risk profile, leading to decreased interest from institutional investors, who have reduced their stake by 0.81% in the last quarter. Overall, the combination of poor financial fundamentals, declining investor interest, and significant underperformance compared to both the sector and the broader market are driving the stock's recent decline.