Why is Dolphin Offshore falling/rising?

As of 14-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at 456.45, which reflects a rise of 8.6 or 1.92%. Today's price summary indicates that the stock outperformed its sector by 2.35% and opened with a gain of 3.83%. After two consecutive days of decline, the stock has shown a trend reversal, reaching an intraday high of Rs 465. In terms of returns, the stock has increased by 0.56% over the past week, significantly outperforming the Sensex, which has decreased by 1.42%. Additionally, the company has demonstrated strong financial health with a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, contributing positively to its recent stock performance.
In the broader market context, while Dolphin Offshore's short-term performance has been favorable, the stock has a year-to-date decline of 21.03%, contrasting with the Sensex's gain of 5.27%. This indicates that while the stock is currently rising, it has faced significant challenges over a longer period. The recent positive results and consistent growth in net sales have likely bolstered investor confidence, leading to the current upward movement despite a decrease in investor participation and lower delivery volumes. Overall, the stock's recent gains reflect a combination of strong financial performance and a favorable short-term trend against a backdrop of broader market fluctuations.