Why is Global Offshore falling/rising?

As of 25-Aug, Global Offshore Services Ltd is experiencing a decline in its stock price, currently at Rs. 70.17, which represents a decrease of Rs. 0.47 or 0.67%. The stock has hit a new 52-week low today and has been on a downward trend, losing 5.67% over the past three days. In terms of performance against benchmarks, the stock has underperformed significantly, with a 1-week return of -3.85% compared to the Sensex's +0.45%, and a year-to-date decline of -37.98% against the Sensex's +4.48%. The company's financial health is concerning, as it has reported operating losses and a weak long-term fundamental strength, with net sales declining at an annual rate of -23.51% and a high debt-to-EBITDA ratio of -1.00 times.
Broader market context indicates that while the Sensex has shown positive movement, Global Offshore has consistently underperformed, generating negative returns over various periods, including -25.39% over the past year. The stock's liquidity appears adequate for trading, but the majority of shareholders are non-institutional, which may contribute to volatility. The negative operating profits and poor financial results, including a significant drop in profit before tax and profit after tax, suggest that investor confidence is waning, leading to the stock's recent decline. Overall, the combination of poor financial performance and underwhelming returns relative to the broader market has resulted in a negative sentiment surrounding Global Offshore Services Ltd.