Why is Diamond Power falling/rising?

As of 27-Jun, Diamond Power Infrastructure Ltd's stock is currently priced at 129.35, reflecting an increase of 1.2, or 0.94%. The stock has been on a positive trajectory, gaining for the last six consecutive days and achieving a remarkable 28.32% return during this period. It opened with a gain of 2.22% today and reached an intraday high of Rs 132.2. The company has shown strong performance in recent quarters, with a significant growth in profit after tax and net sales. However, it faces challenges such as a negative book value and high debt levels, which contribute to its classification as a risky investment despite its recent gains.
In the broader market context, Diamond Power's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week compared to the stock's impressive 25.70% rise. This outperformance indicates strong investor interest and participation, as evidenced by a notable increase in delivery volume. However, the company's long-term growth prospects remain concerning due to declining net sales and profitability metrics, which may affect investor sentiment moving forward.