Why is Diamond Power falling/rising?

As of 15-Jul, Diamond Power Infrastructure Ltd's stock price is currently at Rs 172.20, reflecting an increase of Rs 6.95 or 4.21%. The stock has shown strong performance recently, gaining 24.78% over the last 10 days and outperforming its sector by 2.33% today. Additionally, the stock has demonstrated impressive returns over various periods, including a 71.51% increase over the past month and a staggering 92981.08% over the last three years. Positive factors contributing to this rise include consistent growth in net profit after tax and high inventory turnover, alongside strong net sales figures. However, the company also faces challenges such as a negative book value and high debt levels, which could pose risks for long-term investors.
In the broader market context, Diamond Power's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 1.36% over the past week. This significant outperformance highlights the stock's resilience and appeal despite the overall market conditions. While the stock has generated a return of 30.85% over the last year, the broader market has only seen a 2.36% increase, indicating that Diamond Power is not only thriving in the short term but also maintaining a strong position relative to its peers.