Why is Diamond Power falling/rising?

As of 04-Jul, Diamond Power Infrastructure Ltd is currently priced at 139.50, reflecting a rise of 0.45 (0.32%). The stock has been gaining momentum recently, with a consecutive gain over the last three days and an overall increase of 1.09% during this period. It has outperformed its sector by 0.35% today and is trading above all key moving averages, indicating strong short-term performance. The company has reported positive results for the last six consecutive quarters, with 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 contribute to concerns about its long-term fundamental strength.
In the broader market context, Diamond Power's short-term return of +7.85% over the past week significantly outpaces the Sensex, which has declined by 0.74% during the same period. While the stock has shown strong performance in the near term and over the last year, its long-term growth has been hindered by negative trends in net sales and profitability. The lack of domestic mutual fund investment may also indicate caution among institutional investors regarding the company's valuation and business stability. Overall, the stock's recent rise can be attributed to its strong short-term performance and positive quarterly results, despite underlying long-term risks.