Why is Diamond Power falling/rising?

As of 26-Jun, Diamond Power Infrastructure Ltd's stock price is rising, currently at Rs 128.15, reflecting an increase of 11.65 or 10.0%. The stock has shown strong performance recently, gaining 27.13% over the past week and outperforming its sector by 9.5% today. It has been on a consecutive gain streak for the last five days, and the stock is trading above all its moving averages, indicating positive momentum. The company has reported positive results for the last six consecutive quarters, with a significant growth in PAT and net sales, contributing to the stock's upward movement. However, the company also faces challenges, including a negative book value and high debt levels, which may impact long-term investor confidence.
In the broader market context, Diamond Power's recent short-term performance significantly outpaces the Sensex, which has only increased by 2.94% over the same week. This stark contrast highlights the stock's strong recovery and investor interest despite its underlying financial weaknesses. The rising investor participation, evidenced by a 65.99% increase in delivery volume, suggests that market sentiment is currently favorable towards the stock, even as domestic mutual funds remain hesitant to invest. Overall, while the stock is experiencing a positive surge, its long-term fundamentals present a mixed outlook.