Diamond Power Infrastructure shares have emerged as one of the highest earning shares in the Indian stock market in recent times, the shares of this company have given extraordinary profits to the investors in a short period of time. Despite heavy volatility in the broader market, the stock remained strong and touched several record highs as investors showed continued interest in including it in their portfolios. The company remains in demand due to its growing orders and consistently improving financial performance every quarter, making it one of the standout performers among small-cap stocks.
Notably, the stock showed a strong recovery after a prolonged selloff and recovered its losses within a few months – indicating that it has the potential to attract buyers even after a correction. Diamond Power Infrastructure is a small-cap stock with a market cap of Rs 7,248 crore. It is a leading manufacturer of power cables including LV, MV, EHV cables and conductors. Its products are used in power generation, power transmission and distribution and various industrial uses.
Rs 2 share did wonders
The company’s shares have been rising steadily since September 2023, rising from Rs 2.22 per share to the current trading price of Rs 138, resulting in a massive increase of 6,116 per cent. Talking about the stock’s yearly performance, it ended 2023 with a rise of 620 per cent, which was followed by another massive rise of 860 per cent in the following year. Last year, it saw marginal profit booking and fell by 10.27 per cent, and has remained stable so far in the current year. Surprisingly, the stock witnessed an uptrend for two consecutive months between September 2023 and August 2024, resulting in a rise of 6,089 percent. Looking at the cumulative performance, this stock has given a return of 366 percent in the last two years.
62 lakh rupees made from 1 lakh
The huge increase in share prices in a short time resulted in a tremendous increase in the earnings of investors. Investors who would have invested Rs 1 lakh in the shares of Diamond Power Infrastructure in September 2023 and are still holding those shares with them. At present the value of that investment would have increased to Rs 62,16,210. In such a situation, you can understand how huge returns the shares of this company have given in just a few years.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.