Why is Diamond Power falling/rising?

As of 01-Aug, Diamond Power Infrastructure Ltd is experiencing a price increase, currently at Rs 170.55, reflecting a rise of 1.35 (0.8%). The stock has shown strong performance recently, with a consecutive gain over the last two days and an overall increase of 4.09% during this period. It has outperformed its sector by 1.89% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has reported positive results for the last six consecutive quarters, with a significant growth in net sales and profit after tax, which has likely contributed to the stock's upward momentum. 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's short-term return of +4.73% over the past week stands in stark contrast to the Sensex, which has declined by 1.06% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. Despite the positive short-term performance, concerns regarding the company's long-term fundamentals, such as its negative net worth and decreasing promoter confidence, could affect investor sentiment moving forward. Overall, while the stock is currently rising, potential investors should weigh these risks against its recent successes.