Diamond Power Infrastructure saw its shares climb about 1% in early trade on Dec 29 after the firm announced a new power‑cable contract worth roughly ₹66.2 crore.
New ₹66.18 Cr Cable Order
The company said it received a Letter of Intent from Hild Projects, an EPC contractor, for the supply of power cables valued at ₹66,18,25,690 (exclusive of GST). The order will be executed on a kilometer‑rate basis using a PV formula between 1 Jan 2026 and 30 Jun 2026.
Earlier Orders
- Letter of Intent from Bondada Engineering for cables worth ₹55.54 crore.
- Letter of Intent from Rajesh Power Services for cables worth ₹57.58 crore.
Stock Price Movement
At 09:19 am, the shares were priced at ₹141.70, up ₹1.75 (about 1.25%). The previous session closed at ₹139.95, down 0.74%.
The stock’s 52‑week high is ₹185.10 (July 2025) and its 52‑week low is ₹81.00 (March 2025). It currently trades about 24.4% below its high and 72.8% above its low.
Company Snapshot
Market capitalisation stands at roughly ₹7,375 crore.
What This Means for Investors
Securing multiple cable orders suggests steady demand for the company’s products and could support earnings growth in the coming years. However, investors should consider the execution timeline and broader market conditions.
Remember, this is just an overview, not a recommendation. Do your own research before making any investment decisions.