Diamond Power Stock Posts 9% Gain, Extends Winning Streak to Six Sessions, Up 39% in April

Diamond Power Infrastructure Sees Significant Gains in Monday's Trade

Diamond Power Infrastructure, a small-cap stock with a market capitalisation of ₹8,500 crore, experienced a substantial surge of over 9.5% in Monday's trade, April 20, reaching an intraday high of ₹164 apiece. This marks the sixth consecutive session of gains, with the stock last seen at these levels in mid-September.

The company's recent order wins have significantly boosted investor sentiment, improving its revenue outlook and valuation multiples. In the past week, Diamond Power Infrastructure secured a letter of intent from Adani Power Limited for the design, engineering, manufacturing, inspection, and testing of power and control cables. The order is worth ₹45 crore.

Earlier in April, the company secured a similar order from Adani Electricity Mumbai Limited worth ₹100.54 crore. It also bagged orders worth ₹43.26 crore and ₹19.57 crore from Adani Green Energy Limited for the supply of cables. In late March, the company won a significant order for the supply of 66 kV Extra High Voltage (EHV) cables from Gujarat Energy Transmission Company Limited.

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These recent orders are expected to significantly enhance revenue visibility and profitability over the execution period. The company's total outstanding order book, as of March 30, 2026, stands at over ₹3,500 crore, providing strong revenue visibility for the coming periods.

Diamond Power Infrastructure's long-term share price history has been impressive, with the company's shares rising from ₹2.22 apiece in September 2023 to the current trading price of ₹164. This represents a massive gain of 7,287%. In terms of yearly performance, the stock closed 2023 with a 620% surge, followed by another massive 860% gain in the following year. In the previous year, it witnessed mild profit-booking as it fell 10.27%, and in the current year so far, it has jumped another 17%. The stock has closed 12 consecutive months in the green between September 2023 and August 2024, resulting in a phenomenal rally of 6,089%. Looking at the cumulative performance, the stock has produced a 6,839% return over the last three years.

Diamond Power Infrastructure is a leading manufacturer of power cables, including LV, MV, EHV cables, and conductors. Its products are used in power generation, electricity transmission and distribution, and various industrial applications.

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