Why is Dolphin Offshore falling/rising?

As of 10-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a decline in its stock price, currently at 459.60, which reflects a decrease of 1.0 or 0.22%. The stock has shown a negative performance of 3.04% over the past week, while it has increased by 21.83% over the last month. Despite this recent monthly growth, the stock has underperformed significantly year-to-date, with a decline of 20.48% compared to the benchmark Sensex, which has gained 6.46%. Today's trading activity indicates a falling investor participation, with a delivery volume decrease of 19.22% against the 5-day average, although the stock remains liquid enough for trading. The company has demonstrated strong financial health with impressive growth in net sales and operating profit, but it also faces challenges such as poor management efficiency indicated by a low Return on Capital Employed (ROCE) of 4.32% and a significant decline in institutional investor participation.
Broader market context shows that while the stock has had a positive return over the last month, it has significantly underperformed the broader market over the past year, with a return of -29.07% compared to the BSE500's gain of 1.46%. This underperformance, coupled with a decrease in institutional investor stakes, suggests a lack of confidence in the stock's future prospects despite its strong sales growth. The company's high valuation metrics, such as a 4.9 Enterprise value to Capital Employed ratio, further complicate its attractiveness to investors, leading to a cautious outlook in the current market environment.