Why is Diamond Power falling/rising?

As of 27-Oct, Diamond Power Infrastructure Ltd's stock price is currently at Rs 153.60, reflecting an increase of Rs 11.2 or 7.87%. The stock has shown a positive trend today, outperforming its sector by 7.77% and reversing a two-day decline. It reached an intraday high of Rs 154.95, indicating strong buying interest. Over the past week, the stock has gained 7.04%, although its one-month return is modest at 1.69%. 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 of 132.6%. However, the company also faces challenges, including a negative book value and high debt levels, which may raise concerns among investors regarding its long-term viability.
In the broader market context, the Sensex has only increased by 0.49% over the past week, highlighting Diamond Power's strong short-term performance relative to the benchmark. Despite this, the stock's year-to-date return of 0.69% and a one-year decline of 1.49% suggest that it has struggled in the longer term compared to the Sensex's 8.50% gain. The stock's liquidity appears adequate for trading, but the declining delivery volume indicates a potential decrease in investor participation. Overall, while the recent price movement is positive, the underlying financial weaknesses and poor long-term growth prospects may temper investor enthusiasm moving forward.