Why is Diamond Power falling/rising?

As of 05-Sep, Diamond Power Infrastructure Ltd is experiencing a price increase, currently at Rs 144.05, reflecting a rise of Rs 3.05 or 2.16%. The stock opened with a gain of 2.48% today and reached an intraday high of Rs 145.9, outperforming its sector by 2.53%. Despite this positive movement, the stock has shown a decline of 13.69% over the past month and a year-to-date decrease of 5.57%. The company has reported positive results for the last seven consecutive quarters, with net sales growing by 77.42% and a significant increase in profit after tax. However, it also faces challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, Diamond Power's short-term performance of +4.12% over the past week significantly outpaces the Sensex, which has only increased by 1.13% during the same period. This suggests that the stock is gaining traction relative to the overall market. However, the company's long-term growth prospects appear concerning, with a historical annual decline in net sales and operating profit. Additionally, the reduction in promoter stake by 5.98% may indicate waning confidence in the company's future, which could impact investor sentiment despite the recent positive price movement.