Why is Dolphin Offshore falling/rising?

As of 02-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, with its current price at Rs 479.00, reflecting a rise of 14.5 points or 3.12%. The stock has been on an upward trend, gaining 35.5% over the last seven days and outperforming its sector by 3.63% today. Additionally, the stock has shown strong performance in the past week with a return of 22.92%, while over the past month, it has increased by 16.64%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.17 times and impressive growth in net sales and operating profit, which have contributed to positive investor sentiment and recent price movements.
In the broader market context, while the Sensex has only increased by 0.79% over the past week, Dolphin Offshore's significant short-term gains highlight its strong performance relative to the benchmark. The stock's liquidity is also favorable, with a notable increase in delivery volume, indicating rising investor participation. Despite a year-to-date decline of 17.13% and a one-year drop of 29.77%, the recent positive results and consistent growth in net sales have bolstered investor confidence, leading to the current upward price movement.