Why is Dolphin Offshore falling/rising?

As of 12-Nov, Dolphin Offshore Enterprises (India) Ltd is experiencing a decline in its stock price, currently at Rs 384.00, which reflects a decrease of Rs 8.9 or 2.27%. The stock has underperformed its sector by 3.28% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.59%. Over the past week, the stock has dropped by 6.73%, while its performance over the last year shows a significant decline of 25.94%. Despite a strong ability to service debt and impressive growth in net sales and operating profit, the company faces challenges such as poor management efficiency indicated by a low Return on Capital Employed (ROCE) of 8.87%, and a very expensive valuation with a high enterprise value to capital employed ratio. Additionally, the lack of domestic mutual fund investment may suggest a lack of confidence in the stock's current valuation.
In the broader market context, the Sensex has shown a positive return of 1.21% over the past week, contrasting with Dolphin Offshore's negative performance. The stock's year-to-date return is notably poor at -33.56%, while the benchmark has gained 8.10% in the same period. This underperformance relative to the benchmark indicates that investor sentiment towards Dolphin Offshore is weak, particularly in light of its recent price movements and the significant drop in delivery volume, which fell by 93.05% against the 5-day average. Overall, the combination of declining stock performance, poor management efficiency, and lack of investor participation contributes to the stock's current downward trend.