Why is Dolphin Offshore falling/rising?

As of 12-Aug, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at 406.95, reflecting a rise of 3.95 or 0.98%. The stock has shown a positive trend over the last two days, gaining a total of 4.35% during this period. However, it has underperformed in the longer term, with a decline of 9.13% over the past month and a significant drop of 29.59% year-to-date. Despite these longer-term challenges, 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 over recent quarters, which may contribute to the current upward movement in stock price.
In the broader market context, Dolphin Offshore has outperformed the sector by 1.08% today, while the benchmark Sensex has declined by 0.59% over the past week. Although the stock's recent performance is positive, it is important to note that investor participation has decreased, with delivery volume falling significantly. This decline in trading activity could indicate a lack of confidence among investors, despite the company's strong financial results and growth potential. Overall, while the stock is currently rising, its longer-term performance remains a concern compared to the benchmark's modest gains.