Why is Diamond Power falling/rising?

As of 07-Jul, Diamond Power Infrastructure Ltd is experiencing a rise in its stock price, currently at 145.25, reflecting an increase of 5.75 or 4.12%. The stock has shown strong performance today, outperforming its sector by 5.42% and has been on a consecutive gain streak for the last four days, accumulating a total return of 5.25% during this period. The stock opened with a gain of 2.04% and reached an intraday high of Rs 146.45. Additionally, it has demonstrated impressive returns over various periods, including a 43.46% increase over the past month and a 14.91% rise over the past year. However, despite these positive indicators, the company has a negative book value and high debt levels, which could pose risks for long-term investors.
In the broader market context, Diamond Power's short-term performance has significantly outpaced the benchmark, with a 1-week return of +5.10% compared to the Sensex's slight decline of -0.20%. This strong performance is further underscored by the company's positive financial results over the last six quarters, including a 67.23% growth in profit after tax and a notable increase in net sales. Nevertheless, the company's long-term fundamentals are concerning due to negative net worth and poor growth rates in net sales and operating profit over the past five years. The lack of domestic mutual fund investment may also indicate a lack of confidence in the company's long-term prospects, despite its recent price gains.