Why is Diamond Power falling/rising?

As of 25-Jun, Diamond Power Infrastructure Ltd's stock price is currently at Rs 116.50, reflecting an increase of Rs 6.45 or 5.86%. The stock has shown strong performance recently, gaining 15.58% over the last four days and outperforming its sector by 5.72% today. It reached an intraday high of Rs 118.8, indicating positive investor sentiment. The company has reported positive results for the last six consecutive quarters, with a significant growth in profit after tax and net sales. However, it also faces challenges such as a negative book value and high debt levels, which may contribute to concerns about its long-term fundamental strength.
In the broader market context, Diamond Power's short-term return of 13.16% over the past week significantly outpaces the Sensex, which only increased by 1.61% during the same period. This strong performance suggests that investor interest in Diamond Power is rising, despite its long-term growth issues reflected in a negative annual net sales growth rate. The stock's liquidity is adequate for trading, but the absence of domestic mutual fund investment may indicate a lack of confidence in its valuation or business prospects. Overall, while the stock is experiencing a positive short-term trend, its long-term fundamentals present a mixed outlook.