Why is Diamond Power falling/rising?

As of 28-Aug, Diamond Power Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 139.55, which reflects a decrease of Rs 3.7 or 2.58%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 7.67% during this period. Despite opening with a gain of 2.58% today and reaching an intraday high of Rs 146.95, it ultimately touched a low of Rs 138.15. The stock has shown a significant underperformance over the past week and month, with returns of -5.13% and -16.81%, respectively, while the benchmark Sensex has only declined by 2.34% and 1.00% in the same periods. The company's recent positive financial results, including a 125.49% growth in net sales over the last nine months, contrast sharply with its weak long-term fundamentals, including a negative book value and high debt levels, which contribute to investor concerns.
In the broader market context, Diamond Power's short-term performance has been notably worse than the benchmark, indicating a lack of investor confidence. The stock's recent decline is compounded by a significant drop in promoter confidence, as they have reduced their stake by 5.98% in the last quarter, which may signal doubts about the company's future prospects. Additionally, the stock's liquidity appears to be diminishing, with a 41.57% drop in delivery volume compared to the five-day average. While the company has shown impressive growth in recent quarters, the overall negative sentiment surrounding its long-term viability and high debt levels has led to a cautious outlook among investors, resulting in the current downward trend in its stock price.