Why is Global Offshore falling/rising?

As of 24-Jul, Global Offshore Services Ltd's stock price is currently at Rs 83.00, reflecting a decline of Rs 1.85 or 2.18%. The stock has underperformed its sector by 1.2% today, reaching an intraday low of Rs 83. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has gained 0.75%, but it has seen a significant decline of 7.57% over the past month and a year-to-date drop of 26.65%. While the stock has generated a return of 12.76% over the last year, this is overshadowed by the concerning decrease in promoter holding to 30.46% and weak long-term fundamentals, including a negative growth rate in net sales and a high debt-to-EBITDA ratio.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, while Global Offshore's performance has been notably weaker in the short term. The stock's year-to-date performance is significantly lagging behind the benchmark, which has gained 5.18% this year. Despite a rise in investor participation, indicated by a 122.05% increase in delivery volume, the overall sentiment remains negative due to the company's weak financial health and declining promoter confidence, contributing to the stock's downward movement.