Why is Global Offshore falling/rising?

As of 10-Jul, Global Offshore Services Ltd is experiencing a price increase, with its current price at Rs 85.50, reflecting a rise of Rs 2.5 or 3.01%. Today's performance indicates that the stock has outperformed its sector by 4.25%, reaching an intraday high of Rs 85.98. However, despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of 38.22%, significantly outperforming the broader market, which has seen a return of only 1.46%. Nevertheless, the recent decrease in promoter holding to 30.46% and the company's weak long-term fundamentals, including a negative growth rate in net sales and a high debt-to-EBITDA ratio, suggest underlying challenges that could impact future performance.
In the broader market context, the stock's short-term performance has been relatively stable, with a 0.00% change over the past week, while the benchmark Sensex has slightly declined by 0.06%. This indicates that Global Offshore Services Ltd is maintaining its value compared to the market, despite its long-term struggles. The company's ability to attract rising investor participation, as evidenced by a significant increase in delivery volume, may be contributing to its current price rise. However, the overall weak long-term growth prospects and negative operating profits present risks that could affect investor sentiment moving forward.