Why is Global Offshore falling/rising?

As of 22-Aug, Global Offshore Services Ltd is experiencing a decline in its stock price, currently at Rs. 70.64, which represents a decrease of 1.44 or 2.0%. The stock has recently hit a new 52-week low of Rs. 70.05 and has underperformed its sector by 1.56%. Over the past week, the stock has fallen by 3.23%, and its year-to-date performance shows a significant decline of 37.57%. The company's fundamentals are weak, as indicated by operating losses and a high debt-to-EBITDA ratio, which contribute to its poor long-term growth prospects. Additionally, the stock has been trading below its moving averages, signaling a bearish trend.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Global Offshore's negative performance. While the market has generated a negative return of 2.49% over the last year, Global Offshore's decline of 27.02% highlights its significant underperformance. This disparity suggests that investor sentiment towards Global Offshore is particularly negative, exacerbated by the company's recent financial results, which include substantial losses and rising raw material costs. The combination of these factors indicates a challenging environment for the stock, leading to its current downward trajectory.