Why is Dolphin Offshore falling/rising?

As of 25-Aug, Dolphin Offshore Enterprises (India) Ltd is experiencing a price increase, currently at Rs 446.45, reflecting a rise of 4.7 points or 1.06%. The stock has shown strong performance recently, gaining 3.7% over the last two days and outperforming its sector by 0.89%. It has also touched an intraday high of Rs 454.4. Despite a year-to-date decline of 22.76%, the stock has performed well in the short term, with a 7.32% increase over the past week and a 2.31% increase over the past month. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.98 times, and has reported significant growth in net sales and operating profit over the last six months.
In the broader market context, Dolphin Offshore's recent performance stands in contrast to the Sensex, which has only increased by 0.45% over the past week. While the stock has shown positive short-term returns, it is important to note that investor participation has declined, with delivery volume falling by 27.45% against the five-day average. Nevertheless, the company has declared positive results for the last five consecutive quarters, which may contribute to investor confidence and support the stock's upward movement despite its longer-term challenges.