Why is Diamond Power falling/rising?

As of 11-Jul, Diamond Power Infrastructure Ltd's stock price is rising, currently at 165.15, reflecting an increase of 2.85 (1.76%). The stock has shown strong performance, gaining 19.67% over the last eight days and outperforming its sector by 2.51% today. It has also touched an intraday high of Rs 167.3. Over the past week, the stock has surged by 18.39%, and in the last month, it has risen by 62.55%. Positive factors contributing to this upward movement include the company's consistent positive results over the last six quarters, with a significant growth in PAT and net sales. However, the company also faces challenges, such as a negative book value and high debt levels, which may raise concerns among investors.
In the broader market context, Diamond Power's recent performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week. While the stock has generated a return of 25.63% over the last year, the Sensex has only increased by 3.26% during the same period. This significant outperformance indicates strong investor interest in Diamond Power, despite its underlying financial challenges. The liquidity of the stock remains adequate, with a delivery volume increase, suggesting that investor participation is on the rise, further supporting the stock's upward trajectory.