Why is Diamond Power falling/rising?

As of 10-Jul, Diamond Power Infrastructure Ltd's stock price is rising, currently at Rs 162.30, reflecting an increase of Rs 7.65 or 4.95%. The stock has demonstrated strong performance, gaining 17.61% over the past week and outperforming its sector by 4.49% today. It opened with a gain of 2.72% and reached an intraday high of Rs 162.4. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive company fundamentals, such as consistent growth in net sales and profit after tax over the last six quarters, contribute to this upward movement. However, the company faces challenges with a negative book value and high debt levels, which may pose risks to its long-term stability.
In the broader market context, Diamond Power's short-term performance has significantly outpaced the benchmark Sensex, which has remained relatively flat with a change of -0.06% over the past week. While the stock has generated a return of 56.28% over the past month compared to the Sensex's 0.97%, the long-term outlook is tempered by concerns regarding its negative net worth and high debt-to-equity ratio. Despite these risks, the stock's recent gains and strong short-term performance suggest a favorable market sentiment, although the lack of domestic mutual fund investment indicates some caution among institutional investors.