Why is Dolphin Offshore falling/rising?

As of 19-Nov, Dolphin Offshore Enterprises (India) Ltd is experiencing a decline in its stock price, currently at Rs 365.50, reflecting a decrease of Rs 17.3 or 4.52%. The stock has underperformed its sector today, with a performance drop of 4.32%. It has been on a consecutive downward trend for the last two days, accumulating a total decline of 5.98%. The stock opened lower today, down by 2.02%, and reached an intraday low of Rs 360.9, indicating significant volatility with an intraday fluctuation of 5.07%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong ability to service debt and impressive growth in net sales and operating profit, the company faces challenges with poor management efficiency and low profitability per unit of capital, which may contribute to investor concerns.
In the broader market context, Dolphin Offshore's short-term performance has been notably poor, with a 1-week return of -5.20% compared to a positive return of +0.85% for the Sensex. Over the past month, the stock has also declined by 4.32%, while the benchmark has gained 1.47%. This underperformance is further highlighted by the stock's year-to-date return of -36.76%, contrasting sharply with the Sensex's increase of 9.02%. The lack of domestic mutual fund investment in the company may indicate a lack of confidence in its valuation, despite its recent positive results, which adds to the overall negative sentiment surrounding the stock.