Order win! Diamond Power Infrastructure soars 2.3%

The company has bagged an order from Powergrid NM Transmission Ltd for the supply of Conductors for 765 kV S/C (Quad Bersimic) Salem - Madhugiri Transmission Line.

Diamond Power Infrastructure Ltd soared 2.3% to Rs.46.25 after the company has bagged an order from Powergrid NM Transmission Ltd for the supply of Conductors for 765 kV S/C (Quad Bersimic) Salem - Madhugiri Transmission Line associated with Nagapattinam Project under TBCB route vide award amounting to Rs. 44 crores.

The scrip opened at Rs. 45.4 and has touched a high and low of Rs. 46 and Rs. 45.2 respectively. So far 71677(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 257.64 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.9 on 05-Jan-2015 and a 52 week low of Rs. 32.7 on 11-Nov-2015. Last one week high and low of the scrip stood at Rs. 46.45 and Rs. 38.5 respectively.

The promoters holding in the company stood at 32.89 % while Institutions and Non-Institutions held 19.66 % and 47.45 % respectively.

The stock is currently trading below its 200 DMA.