The greater the returns the better for the investor and the companies and Diamond Power Infrastructure Ltd read the news for making astonishing returns recently. It may be wellknown branded company of India engaged in manufacturing of cables cones and conductors this Company's stock price has zoomed to 77,286. Up to 60% over the course of the last year and convert a small sum to a good fortune.(alert-passed)
**Diamond Power Infrastructure: A Brief Overview**
The new face of reckoning is Diamond Power Infrastructure Ltd., which has a consolidated turnover of ` 343 crores and specializes in the FMEG., The company has a huge slate of manufacturing unit in its own premises for producing the single location largest power cables and conductors in India that clearly explains the company's vast coverage and competency in the concerned segment.
**The Phenomenal Rise of Diamond Power Infra's Stock**
It was just in September month of the year 2023 and the stock of Diamond Power Infra was stated to be a mere ₹23. 21 per share. Twenty years on and the stock is at ₹1,500 today.
Ten a share on the latest close on the Bombay Stock Exchange (BSE). Basically there is an increase in the stock price by 500% and that means an investment of Rs 10000 in this company a year back is now worth a whopping Rs 600. 4 lakhs!
In view of this, the 52-week range for the stock is one of the best evidences of this gargantuan rise in prices ranging from ₹22. 11 and ₹1,644. 95. And looking at the past three months alone, this stock has risen by 52% and for the whole year has had an amazing 77286% return. 60%.
Its rise can be attributed to several key aspects that are clearly identified in the following sections Key factors behind the Surge
The following factors have in one way or the other attributed to this magnificent performance. Among them:
1. **Strong Market Position:**Huge prospects in FMEG sector and being a single-location power cables and conductors manufacturing company has established good base for the Diamond Power Infrastructure.
2. **Strategic Contracts:Currently, the company has scored a ₹40 crore deal with Larsen and Toubro (L&T), one of the preeminent construction conglomerates in India. Other strategic wins have supported investors' confidence and increase the stock price.
3. **Impressive Financials:** Today the overall value of the company stock is ₹ 7,911 Cr. 42 crore, which gives the sense of the market's confidence about its future growth.
**The Journey from 2021 to 2024: A Stock Market Miracle**
Diamond Power Infra is a company whose stock has only been listed on the exchange from 2021, and yet, it hit the roof from ₹0. 64 to ₹1,500. 10 per share. This translates to an alarming rise of 230,869 in the jaws of the people charged with the responsibility to serve the public interest. that means it increased to 23% in just three years. These types of returns are quite rare in stock market, especially in a day trading and Diamond Power Infra is rightly considered as a multibagger.
**What Does the Future Hold? **
It is important to take some of such investments having regard to the past performance of Diamond Power Infrastructure which had been mind-blowing. Equity investment is always associated with higher risks and which cannot be predicted every time and past records are not true picture of the future performance. Investors should ensure that before they invest they do it wisely and with the advice of the financial experts whenever required.
**Conclusion**
Diamond Power Infrastructure Ltd has without a doubt emerged as the darling of multibagger stocks through its fantastic run in the last one year. Although the likes of such opportunities are few and in-between, they act as a wake-up call to the fact that the stock market is a great place for those willing to have some patience and conduct proper research on the available stocks.
related content : Smallcap That Have Fallen Most This Year To Fall 70% By 2024
**Disclaimer:** This article does not constitute an investment guide and readers should not rely upon the contents of it as such. It is wise always to seek financial advice before investing in any project. (alert-warning)
