Why is Diamond Power falling/rising?

As of 15-Sep, Diamond Power Infrastructure Ltd's stock price is currently at Rs 158.40, reflecting an increase of Rs 8.15 or 5.42%. The stock has shown strong performance recently, gaining 11.35% over the past week and outperforming its sector by 4.37% today. It opened with a gain of 2.6% and reached an intraday high of Rs 160. The stock has been on a consecutive gain streak for the last five days, and it is trading above all key moving averages. Positive factors contributing to this rise include the company's consistent positive results over the last seven quarters, significant growth in net sales, and a favorable inventory turnover ratio. However, concerns about the company's long-term fundamental strength due to a negative book value and high debt levels may temper investor enthusiasm.
In the broader market context, Diamond Power's recent performance has significantly outpaced the benchmark Sensex, which only increased by 1.24% over the past week. The stock has also outperformed the BSE500 over various time frames, including a 14.70% return over the last year, while the benchmark has declined by 1.33%. This strong relative performance suggests that investor confidence in Diamond Power remains robust in the short term, despite some underlying risks associated with its financial health and promoter confidence.