Why is Dolphin Offshore falling/rising?

As of 28-Jul, Dolphin Offshore Enterprises (India) Ltd is currently priced at 438.00, reflecting an increase of 1.65 (0.38%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past week with a return of -2.67% compared to the Sensex's -1.59%. However, it has performed better over the past month, gaining 1.96% while the Sensex fell by 3.77%. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.98 times and impressive growth in net sales and operating profit. Nevertheless, concerns regarding poor management efficiency, indicated by a low ROCE of 8.93%, and a decline in institutional investor participation may weigh on investor sentiment.
Broader Market Context: In the context of the broader market, Dolphin Offshore's recent performance contrasts with the benchmark, as it has outperformed the sector by 0.63% today. However, over the last year, the stock has significantly underperformed, with a return of -30.48% compared to the market's decline of -2.52%. This disparity highlights the challenges the company faces in regaining investor confidence despite its positive financial results in recent quarters. The combination of strong sales growth and profitability improvements is overshadowed by concerns over management efficiency and declining institutional interest, which could hinder the stock's recovery in the near term.