Why is Diamond Power falling/rising?

As of 29-Aug, Diamond Power Infrastructure Ltd is experiencing a decline in its stock price, currently at 138.35, which reflects a decrease of 1.2 or 0.86%. The stock has underperformed its sector by 0.59% today and has been on a consecutive downward trend for the last seven days, resulting in a total decline of 8.47% during this period. In terms of returns, the stock has shown a significant drop of 16.23% over the past month and 11.05% over the past year, while its year-to-date performance is down by 9.31%. Despite positive results in net sales and profit growth over the last seven quarters, the company faces challenges such as a negative book value, high debt levels, and declining promoter confidence, which contribute to its weak long-term fundamental strength.
Broader market context indicates that while the Sensex has seen a slight decline of 1.84% over the past week, Diamond Power's performance has been notably worse, with a 5.63% drop in the same timeframe. The stock's liquidity appears adequate, with a delivery volume increase of 26.59% against the five-day average, suggesting some investor interest. However, the overall negative sentiment surrounding the company's financial health, particularly its high debt-to-equity ratio and reduced promoter stake, may overshadow these positive indicators, leading to the stock's continued decline.