Why is Dolphin Offshore falling/rising?

As of 01-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, with its current price at 464.50, reflecting a rise of 13.45 or 2.98%. The stock has shown strong performance today, outperforming its sector by 1.69% and achieving a consecutive gain over the last six days, resulting in a total return of 31.4% during this period. It opened with a gain of 3.53% and reached an intraday high of Rs 473.6. The stock has been trading above its moving averages, indicating positive momentum. Additionally, the company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.17 times, and has reported impressive growth in net sales and operating profit, contributing to its positive stock performance.
In the broader market context, Dolphin Offshore's short-term return of 25.15% over the past week significantly outpaces the Sensex, which has only increased by 2.00% in the same timeframe. While the stock has faced challenges year-to-date and over the past year, its recent positive results and substantial growth in net sales have bolstered investor confidence, leading to increased participation and liquidity. This favorable sentiment, combined with the company's consistent performance in recent quarters, has contributed to the stock's upward movement despite its longer-term struggles.