Why is Dolphin Offshore falling/rising?

As of 13-Aug, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at 437.00, which reflects a rise of 30.05 or 7.38%. The stock has shown strong performance today, outperforming its sector by 7.25% and achieving a consecutive gain over the last three days, with a total return of 12.05% during this period. It opened with a significant gain of 9.1% and reached an intraday high of Rs 444. Despite this positive movement, the stock's delivery volume has decreased by 65.68% compared to the five-day average, indicating a potential decline in investor participation. 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, which have increased significantly over the last six months.
In the broader market context, Dolphin Offshore's short-term return of +10.03% over the past week contrasts with the Sensex, which has remained flat at -0.01%. However, the stock has underperformed on a year-to-date basis, with a decline of 24.39% compared to the Sensex's gain of 3.07%. While the stock has shown positive momentum recently, its long-term performance remains a concern, as it has fallen 39.31% over the past year, while the Sensex has increased by 2.01%. This mixed performance highlights the stock's volatility and the challenges it faces in maintaining investor confidence despite recent gains.