Why is Global Offshore falling/rising?

As of 29-Aug, Global Offshore Services Ltd's stock price is currently at 71.01, reflecting an increase of 3.01 or 4.43%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It outperformed its sector by 4.48% and reached an intraday high of Rs 73.79, marking an 8.51% increase. However, despite this short-term gain, the stock has experienced a significant decline of 37.24% year-to-date and a 19.53% drop over the past year. The company faces challenges, including 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, which negatively impacts investor sentiment.
In the broader market context, the stock's short-term return of +0.52% over the past week contrasts sharply with the Sensex, which has fallen by 1.84% during the same period. This suggests that while Global Offshore is experiencing a temporary uptick, it has generally underperformed compared to the broader market, particularly over longer time frames. The stock's performance has been below par in both the near and long term, with a notable decline in profits of -43.4% over the past year, further contributing to its perception as a risky investment.