Why is Diamond Power falling/rising?

As of 14-Jul, Diamond Power Infrastructure Ltd is experiencing a slight increase in its stock price, currently at 165.25, with a change of 0.1 (0.06%) upwards. The stock has shown strong performance recently, gaining 19.75% over the last nine days, and has outperformed the Sensex with a 1-week return of +13.77% compared to the benchmark's -1.42%. Additionally, the company has reported positive results for the last six consecutive quarters, with a significant growth in profit after tax (PAT) and a high inventory turnover ratio. However, it is important to note that the company has a negative book value and high debt levels, which raises concerns about its long-term fundamental strength.
In the broader market context, while Diamond Power has outperformed the Sensex in the short term, it is essential to consider that the stock's performance is not fully aligned with the broader market sentiment, as indicated by its underperformance against the sector by -0.49% today. Despite generating a return of 25.28% over the past year, the company's long-term growth has been poor, with net sales declining at an annual rate of -11.40%. The lack of domestic mutual fund investment, holding only 0% of the company, may also reflect caution among institutional investors regarding the stock's valuation and business prospects.