Why is Dolphin Offshore falling/rising?

As of 22-Jul, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at 454.00, reflecting a rise of 4.0 (0.89%). The stock has shown a positive trend today, outperforming its sector by 1.57% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.79%, while it has significantly outperformed the benchmark Sensex, which has declined by 0.47%. Despite a substantial year-to-date decline of 21.45%, the company has demonstrated strong financial performance, with net sales growing at an annual rate of 1,044.00% and a remarkable increase in profit after tax over the last six months.
In the broader market context, while Dolphin Offshore has underperformed over the past year with a return of -28.19% compared to the Sensex's gain of 2.09%, its recent performance indicates a potential recovery. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, particularly among institutional investors, who have reduced their stake by 8.38%. This decline in institutional interest may impact future price movements. Despite these challenges, the company's strong ability to service debt and consistent positive results over the last four quarters suggest a foundation for potential growth, which could be contributing to the recent upward price movement.