Why is Global Offshore falling/rising?

As of 28-Aug, Global Offshore Services Ltd is experiencing a decline in its stock price, currently at Rs. 68.00, which represents a decrease of 2.0 (-2.86%). The stock has hit a new 52-week low of Rs. 67.01 today and has been on a downward trend, losing 8.59% over the last five days. Despite opening with a gain of 2.81% and reaching an intraday high of Rs. 71.97, the stock's performance has been poor overall, underperforming its sector by 2.35%. Over the past week, the stock has decreased by 5.66%, and its year-to-date performance shows a significant decline of 39.90%. The company is facing operating losses and has shown 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, which negatively impacts investor sentiment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 2.34% over the past week. This indicates that Global Offshore is underperforming relative to the market. The stock's negative operating profits and poor financial results, including a significant drop in profit before tax and net profit, contribute to its risky perception among investors. Additionally, the stock has consistently underperformed against the BSE500 over various time frames, further solidifying its status as a strong sell. The combination of these factors has led to a lack of confidence among investors, resulting in the stock's continued decline.