1,25,026 Per cent Multibagger Returns: Power Infra Company Bags Back-to-Back Orders Worth Rs 1,300 Crore from Adani Energy Solutions in Just 2 Days!
The company’s shares have delivered an impressive return of over 66,000 per cent in just 1 year only.
Diamond Power Infrastructure Limited operates in the manufacturing and distribution sectors of power products and services across India. The company has secured two orders back-to-back in just two days, worth approximately Rs 1300 crore.
The company secured significant contracts: a letter of intent from Adani Energy Solutions Limited amounting to Rs 899.75 crore (including GST) for the supply of AL 59 Conductors, with completion expected by April 2025. Additionally, Diamond Power Infrastructure Limited received another letter of intent from Adani Green Energy Limited valued at Rs 409 crore (including GST) for the supply of various LV/MV Cables, to be completed by December 2024 from the date of acceptance.
Diamond Power Infrastructure Limited shares closed the day at around Rs 1288.80 per share. The company’s current market capitalization stands at Rs 6791.60 crore. The stock has delivered a multibagger return of over 66,332.99 per cent in just 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, Diamond Power Infrastructure Limited recorded a revenue of Rs 134 crore. The operating profit for Q4 FY24 stood at Rs 18 crore. The net profit for Q4 FY24 was Rs 14 crore. Looking at the annual performance, the company generated a revenue of Rs 343 crore in FY24, compared to Rs 15 crore in FY23. The operating profit for FY24 was Rs 43 crore with a net profit of Rs 17 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.