80% Return In 3 Months: Multibagger Diamond Power Hits 52-Week High; Buy, Hold, or Sell to Book Profits? TP

Multibagger Stock Alert: Shares of Diamond Power and Infrastructure Limited touched their fresh 52-week high mark on Thursday, July 9. With this, the electrical equipment stock has delivered close to 80% return in three months. The Gujarat-headquartered company has a long runway for growth as it pairs an underutilised, fully equipped plant amidst supply-constrained market, according to InCred Equities report.

Diamond Power and Infra share price closed 3.26% higher at Rs 239.15 per share on BSE with a market capitalisation of Rs 12,602.51 crore on Thursday, July 9. The stock had touched an intraday high mark of Rs 251.90 per share and an intraday low mark of Rs 233.70 per share.

Diamond Power and Infra Share Price Outlook

The company operates as a fully backward integrated cables and conductor facility. It is running at a nearly 25% utilisation level and is expected to increase the utilisation to nearly 60% by financial year 2027-28F, as per InCred Equities report released on Wednesday, July 8. The company is likely to witness margin expansion led by scale average.

Diamond Power and Infra is better placed than other large players in terms of capturing the power transmission and distribution opportunities due to smart cities expansion and data centre build outs.

"DIACABS pairs an underutilised, fully equipped plant amidst a supply-constrained market, unlocking at minimal capital cost and a near-zero tax rate for two years - a rare mix of high growth and low capital intensity," as per the InCred Equities report.

Key Risks

Slower-than-expected ramp-up in capacity utilisation, slowdown in order wins, raw material price fluctuation, and higher exposure to the power and infra sector are among the key risks for the company, as per the brokerage report.

Diamond Power and Infra Share Price Recommendation

The brokerage initiated an 'Add' rating with a target price of Rs 300 per share. "We initiate coverage on it with an ADD rating and a target price of Rs300 (24x Jun 2028F EPS), adding it to our High-Conviction Ideas list." stated the brokerage in its report.

Diamond Power and Infra Share Price Trend

The stock ended higher on Thursday. Its share price hit its 52-week high mark of Rs 251.90 per share on July 9, 2026. The stock dipped to its 52-week low mark of Rs115.80 per share on February 2, 2026. The stock has delivered 80% return in three months and around 1,25,768.42% return in three years, as per BSE data.