Why is Diamond Power falling/rising?

As of 20-Aug, Diamond Power Infrastructure Ltd is experiencing a slight decline in its stock price, currently at 151.00, which represents a decrease of 0.15 or 0.1%. The stock has underperformed its sector today by 0.29%, despite having a higher performance compared to its 5-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has shown a positive return of 6.55% over the past year, although it has seen a significant decline of 10.44% over the last month. The company has reported positive results for the last seven consecutive quarters, with net sales growing at 77.42% in the latest six months, but it also faces challenges such as a negative book value and a high debt-to-equity ratio, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.64% over the past week. While Diamond Power has shown strong long-term performance, outperforming the BSE500 over the last three years, the recent decline in promoter confidence, indicated by a 5.98% reduction in their stake, raises concerns about the company's future prospects. This combination of strong short-term sales growth and long-term fundamental weaknesses, including poor profitability and high debt levels, may be influencing the stock's current downward movement.