Why is Dolphin Offshore falling/rising?

As of 26-Jun, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, with its current price at Rs 409.15, reflecting a rise of Rs 19.45 or 4.99%. The stock has shown strong performance recently, gaining 15.74% over the last three days and outperforming its sector by 3.04% today. It opened with a gain of 4.66% and reached an intraday high of Rs 409.15. Despite a year-to-date decline of 29.21% and a one-year drop of 43.56%, the company has demonstrated a robust ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.17 times. Additionally, the company reported significant growth in net sales and operating profit, with a 47.26% increase in net sales leading to positive quarterly results for the last four consecutive quarters.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a one-week return of 13.65% compared to the Sensex's 2.94%. However, it has underperformed over the longer term, with a one-year return of -43.56% against the market's 6.46%. The recent rise in stock price can be attributed to increased investor participation, as indicated by a significant rise in delivery volume. Nonetheless, concerns remain regarding management efficiency, as reflected in a low Return on Capital Employed (ROCE) of 4.32%, and a decrease in institutional investor participation, which may affect future stock performance.