Diamond Power Infrastructure is witnessing a surge in its stock price after securing fresh orders. The stock is currently trading at Rate RS 98.05, up by 1.67 points or 1.73% from its previous close of Rate RS 96.38 on the BSE.

The scrip opened at Rate RS 97.97 and touched an intraday high of Rate RS 99.89 and a low of Rate RS 97.69. A total of 7014 shares have been traded so far.

Classified under the BSE group 'B', the stock with a face value of RS 1 had touched a 52-week high of Rate RS 193.58 on 21-Oct-2024 and a 52-week low of Rate RS 71.76 on 29-Apr-2024.

In the past week, the stock’s high and low stood at Rate RS 114.95 and Rate RS 94.11 respectively. The company currently commands a market capitalization of Rate RS 5180.13 crore.

Promoter holding in Diamond Power Infrastructure stands at 90.00%, while institutional and non-institutional holdings are 0.04% and 9.96% respectively.

The company's rally comes on the back of receiving Letters of Intent (LoIs) worth RS 230.25 crore. This includes an order from Rajesh Power Services for their project under Dakshin Gujarat Vij Company, valued at RS 150.98 crore, and another order from Adani Electricity Mumbai for the supply of power cables worth RS 79.27 crore.

Founded in 1992 and headquartered in Vadodara, Gujarat, Diamond Power Infrastructure (DPIL) specializes in the manufacturing and sale of conductors, cables, and transmission towers.