Why is Dolphin Offshore falling/rising?

As of 04-Nov, Dolphin Offshore Enterprises (India) Ltd is experiencing a decline in its stock price, currently at Rs 411.70, which reflects a decrease of Rs 27.5 or 6.26%. Today's price summary indicates that the stock opened with a gain of 5.65% but has since underperformed its sector by 5.69%. It has shown high volatility with an intraday range of Rs 98.95, touching a high of Rs 505.9 and a low of Rs 406.95. Despite this volatility, the stock is trading above its moving averages, and there has been a significant increase in delivery volume, suggesting rising investor participation. The company has demonstrated strong long-term growth with impressive net sales and operating profit increases, and it has reported positive results for the last six consecutive quarters, which could support a more favorable outlook despite the current price drop.
In the broader market context, Dolphin Offshore's short-term performance over the past week shows a return of +7.82%, contrasting with the Sensex's decline of -1.38%, indicating that the stock has been relatively resilient in the short term. However, over the year-to-date, Dolphin Offshore has underperformed significantly with a return of -28.77% compared to the Sensex's +6.81%. This disparity highlights the challenges the company faces despite its strong fundamentals and recent positive performance metrics. The overall market conditions and sector performance may be contributing to the stock's current decline, even as it maintains a solid operational foundation.