1st Stock Split In 24 Yrs Soon: Electrical Equipment Stock Hits Upper Circuit, Shares Gain 857% YTD

Board of Directors of Diamond Power Infrastructure Limited will hold meeting on October 15, 2024 to consider and approve maiden stock split in 24 years. Last trading price of Directors of Diamond Power Infrastructure shares on BSE is Rs 1504.90 per share with gain of 5.00% in trade today. Diamond Power Infrastructure shares gave stellar returns to shareholders in last few months and years. The scrip zoomed 857% so far in 2024 and surge 2890% in last 1-year. The company's market capitalisation stood at Rs 7930.39 crore. The company also bagged an order on October 9, 2024 worth Rs 109,38,60,000 from Swastika Infra Private Limited contractor of Madhya Gujarat Vij Compan Limited.

The company needs to execute the order by March 25, 2024. FII/FPI have decreased holdings from 0.08% to 0.03% in September 2024 quarter. Institutional Investors have decreased holdings from 0.08% to 0.03% in September 2024 quarter. Check key details below:

Diamond Power Infrastructure Limited To Consider Stock Split On Oct 15: As per the exchange filing of the company dated October 11, 2024 "we wish to inform you that the meeting of Board of Directors of the Company is scheduled on Tuesday, 15t October, 2024, inter alia, to consider and approve Subdivision/Stock Split of Equity Shares of the Company, subject to approval of the shareholders of the Company and other necessary approvals, if any. Kindly note that the Capital Clause of the Memorandum of Association of the Company will also be amended accordingly, subject to approval of the shareholders and other necessary approvals, to give effect the said change."

Diamond Power Infrastructure Limited Shares Performance: The 52-week high price of Diamond Power Infrastructure shares on BSE stood at Rs 1644.95 per share (as on 02/08/2024) and 52-week low price is Rs 52.84 per share (as on 12/10/2023), respectively. Diamond Power Infrastructure shares gained 156% in last 6-months, soared 77,472% in last 2-years, and gained 1,04,406% in last 3-years.

Diamond Power Infrastructure Limited About: Diamond Power Infrastructure Limited is engaged in the manufacturing of power transmission equipment. It is also engaged in the manufacturing and sale of conductors, cables, and transmission towers, among others.

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