Why is Dolphin Offshore falling/rising?

As of 11-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a decline in its stock price, currently at Rs 447.85, which represents a decrease of Rs 11.75 or 2.56%. The stock has underperformed its sector by 1.22% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.77%. Over the past week, the stock has decreased by 0.67%, while in the last month, it has shown a positive return of 17.78%. Despite the strong growth in net sales and operating profit, the stock's performance is hindered by poor management efficiency, as indicated by a low Return on Capital Employed (ROCE) of 4.32%, and a significant drop in institutional investor participation, which has decreased by 8.38% over the previous quarter.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of 1.12% over the past week. While the stock has shown some positive growth in the last month, its year-to-date performance remains negative at -22.52%, compared to the Sensex's positive return of 5.58%. This underperformance, coupled with falling investor participation and a high valuation relative to its earnings, suggests that market sentiment towards Dolphin Offshore is cautious, contributing to the stock's current decline.