Why is Diamond Power falling/rising?

As of 16-Jul, Diamond Power Infrastructure Ltd is experiencing a price increase, currently at Rs 179.40, reflecting a rise of Rs 7.2 or 4.18%. The stock has shown strong performance, gaining 30% over the last 11 days and outperforming its sector by 4.52% today. It has consistently traded above its moving averages across various time frames, indicating positive momentum. Additionally, the company has reported positive results for the last six consecutive quarters, with a significant growth in profit after tax and net sales, contributing to its robust performance. However, it is important to note that the company has a negative book value and high debt levels, which could pose risks to its long-term stability.
In the broader market context, Diamond Power has significantly outperformed the Sensex, with a 76.31% increase over the past month compared to a mere 1.02% rise in the benchmark index. This trend highlights the stock's strong short-term performance relative to the market. Despite the positive short-term returns, the company's long-term fundamentals are concerning, as indicated by its negative net worth and poor growth rates in net sales. The lack of investment from domestic mutual funds may also suggest caution among institutional investors regarding the stock's valuation and business outlook.