Why is Dolphin Offshore falling/rising?

As of 07-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at 453.90, reflecting a change of 3.05 or 0.68% upward. The stock has shown a trend reversal after two consecutive days of decline, although it underperformed its sector by 0.42%. In terms of returns, the stock has gained 0.63% over the past week and 8.60% over the past month, contrasting with the Sensex, which has seen a slight decline of 0.20% over the week and a modest increase of 1.53% over the month. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 1.17 times and impressive growth in net sales and operating profit, which has positively influenced investor sentiment.
In the broader market context, while Dolphin Offshore's recent performance has been positive, it has still faced challenges, as evidenced by its year-to-date decline of 21.47% compared to the Sensex's gain of 6.79%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume indicates a potential decrease in investor participation. Despite these challenges, the company's consistent positive results over the last four quarters and substantial growth in net sales and profit after tax suggest a strong underlying business, which may be contributing to the recent uptick in stock price.