This Multibagger Stock Has Delivered Over 6000% Returns! Investors Reap Massive Gains

Many people are investing in the stock market these days. However, patience is essential to see profits. Long-term investment is always effective. And such stocks are called multibagger stocks. One such stock is Diamond Power Infrastructure. In September 2023, the share price was Rs 2.22. Which has now increased to Rs 138.

What is the main reason for the increase in the company’s shares?

This company manufactures power cables and high-voltage wires. It plays an important role in power generation, supply and industrial sectors. Reports say that the order book and revenue of this company are continuously increasing. That is probably the main reason for the increase in the company’s shares.

Diamond Power Stock

This stock had increased by more than 600% by the end of 2023 alone and increased by another 800% the following year. Although the price fell due to small profit-taking at times, it stabilized again and started trading.

More than 6,000% increase

According to calculations, the value of someone who invested 1 lakh taka in September 2023 has reached about 62 lakh taka today. That is, an increase of more than 6,000%.

What does the company do?

This company plays a key role in meeting the needs of the power sector. With a market cap of approximately ₹7,248 crore, it manufactures LV, MV, and EHV cables and also produces conductors.

Its products are used in everything from power generation to transmission and distribution networks, as well as in various industrial projects.

Company’s performance on the stock market

The company’s shares are seeing a rise on the BSE on Wednesday. At 11:50 am, the stock was trading at ₹139.95, up 1.56 percent or ₹2.15. The shares had opened the day at ₹141.85.

The intraday high was ₹141.85. The company’s 52-week high during this period touched ₹185.10. The 52-week low is ₹81.

Disclaimer: (The information provided here is for informational purposes only. It is important to note that investing in the market is subject to market risks. Always seek expert advice before investing as an investor. ABPLive.com never recommends investing here.)