2024-08-26 03:07:32
New Delhi: More than 77000 percent growth in one year. Hard to believe, right? But, it is true. Diamond Power Infrastructure has made its investors rich. It is one of the oldest cable and conductor manufacturing companies in India. The company’s stock closed at Rs 1,501.30 on Friday on BSE. You will be surprised to know that about a year ago on September 18, 2023, this stock was at just Rs 23.21. If someone had invested Rs 10,000 in it at that time, today it would have become Rs 6.4 lakh.
How big is the company’s business?
Diamond Power Infrastructure describes itself as a fast growing FMEG company. Its total turnover is Rs 343 crore. It is the only company in India that manufactures the maximum number of power cables and conductors at one place. According to BSE data, this stock has registered a growth of 855.33 percent so far in 2024. In the last one year, it has increased by 77286.60 percent.
Got a big contract from L&T two weeks ago
About two weeks ago, this company got a big contract of Rs 40 crore from construction giant Larsen & Toubro (L&T). The 52-week high of Diamond Power Infra’s stock on BSE has been Rs 1,644.95 and the lowest level has been Rs 22.11. In the last 3 months, it has shown a growth of 52 percent, while since the beginning of the year till now it has increased by 361 percent.
If we look at 2021, this stock has increased by 230869.23 percent. At that time it was only at Rs 0.64. Today it is at Rs 1500. The market cap of Diamond Power Infra is Rs 7,911.42 crore. There are many companies listed on NSE and BSE which have given multifold returns in a very short time.
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