Multibagger Stocks: There is a tremendous bullish atmosphere in the Indian stock market today. Both BSE Sensex and Nifty 50 are trading with strong gains. Amidst this positive market environment, one stock which has attracted the most attention of investors and market experts is Diamond Power Infrastructure. This multibagger stock, which has given historical returns of more than 257276% to investors in the last five years, has hit an upper circuit of 10% today. The share price is currently around ₹218 and there is a big reason behind this latest surge. The company has recently got a new huge project, which has suddenly increased the demand for this stock in the market.
Amazing new order worth Rs 435 crore
Shares of any company rise only when its actual business shows rapid growth. Exactly the same has happened in the case of Diamond Power Infrastructure. The company has recently informed that it has received a very important contract worth Rs 435.71 crore. This huge order is for a 310 MW capacity data center project to be built in Hyderabad. The specialty of this project is that under this, Diamond Power will supply high and low tension power cables to big companies like Larsen & Toubro (L&T) as well as Blue Star. As soon as the news of association with such renowned companies came in the market, investors thought it right to bet on this stock. The result of this is that today there is huge demand for its shares in the market.
Huge profit record in 5 years
The performance of Diamond Power is enough to attract any investor. If we look at the data of last 5 years, this stock has given such a mega return of 257276.47%, which is seen only in select companies in the history of the stock market. Now that the company has again won a big project, the confidence of market experts as well as common investors on this stock has deepened.
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