Why is Diamond Power falling/rising?

As of 30-Jun, Diamond Power Infrastructure Ltd is experiencing a price increase, currently at Rs 138.20, which reflects a rise of Rs 8.85 or 6.84%. The stock has been on an upward trend, gaining for the last seven days and achieving a total return of 37.1% during this period. It has outperformed its sector by 6.87% today and is trading above all its moving averages. The company has also reported positive results over the last six consecutive 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 may affect its long-term fundamental strength.
In the broader market context, Diamond Power's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 2.09% over the past week, while Diamond Power surged by 29.40%. Despite its strong recent performance, the stock has a year-to-date decline of 9.41%, contrasting with the Sensex's gain of 7.00%. The company's liquidity remains adequate for trading, but the falling investor participation indicates potential caution among investors. Overall, while the stock is currently rising due to strong recent performance and positive quarterly results, its long-term outlook is tempered by financial weaknesses.