Why is Aban Offshore falling/rising?

As of 11-Nov, Aban Offshore Ltd's stock price is currently at Rs. 35.20, reflecting a decline of Rs. 1.69 or 4.58%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 12.76% over this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. Despite a significant increase in delivery volume, which rose by 305.81% against the 5-day average, the overall performance remains weak, underperforming its sector by 5.09%. The stock's year-to-date decline stands at 44.44%, and it has underperformed the benchmark Sensex, which has gained 7.34% during the same period.
Broader Market Context: In the short term, Aban Offshore's performance has been notably poor compared to the Sensex, which has increased by 0.49% over the past week while Aban Offshore has dropped by 9.11%. This stark contrast highlights the stock's struggles in a generally stable market environment. The broader market context suggests that while the overall market has shown some resilience, Aban Offshore's significant losses indicate company-specific challenges that are not being mitigated by positive market trends.