There are days in the small-cap space when a single announcement changes the mood entirely. Today felt like one of those days for Diamond Power.
The company landed a large supply order, and the stock reacted instantly—bringing fresh attention back to one of the most-watched names in the small-cap stocks segment.
The story isn’t new for the market, but the scale of the latest development is what stood out.
Market Performance: Small-Cap Stock Today Shows Sharp Uptick
Through the morning session, Diamond Power's share price climbed around 5%, touching ₹150 per share.
The move came right after the company disclosed its newest contract—one that adds meaningful size to its existing order book.
For a stock that has seen both sharp surges and quick corrections in recent months, this jump placed Diamond Power back on the radar for traders tracking multibagger stocks and high-activity small caps.
Main News: Diamond Power Bags ₹748 Crore Order
The company announced that it received a letter of intent from Adani Green Energy Limited.
The order focuses on supplying a large quantity of high-voltage and solar cables for key project sites in Khavda and Rajasthan.
Order Breakdown (Based on Reference Data)
- 33KV HV cables: 2,126 km
- 3.3 kV Solar MV cables: 3,539 km
- Total order value: ₹748 crore
- Execution timeline: 12 months starting January 2026
Diamond Power also clarified:
- The promoter group has no interest in the awarding entity.
- The order is not a related-party transaction.
And this wasn’t the only major order in recent weeks.
Earlier, the company secured another large order valued at ₹276 crore for supplying 7,668 km of AL-59 Zebra Conductor for the Khavda project. This makes the current contract the second significant order in less than a month.
Company Details: What Diamond Power Does
Diamond Power operates as a manufacturer in the power cable ecosystem, producing:
- LV cables
- MV cables
- EHV cables
- Conductors
These products form essential components across electricity transmission, distribution networks, power generation setups, and multiple industrial applications.
Its customer base includes:
- Government discoms
- Private discoms
- EPC contractors
- Industrial buyers
- Export markets
This widespread presence gives the company recurring participation in large-scale infrastructure and energy projects.
Diamond Power Share Price Trend
Market data from the reference shows a mixed performance pattern:
- The stock hit its 1-year high of ₹185 in July.
- Since then, it has undergone profit booking, with a 23% decline from that peak.
- Despite the short-term volatility, the longer-term move remains significant.
- Over the last two years, the stock delivered a sharp 1,220% return.
- It touched a fresh all-time high of ₹193.60 in October 2024.
The company itself came under new ownership through an NCLT resolution, transitioning to the GSEC-Monarch Group.
Summary
The latest Diamond Power order win—a ₹748 crore deal from Adani Green Energy—has once again pulled this small-cap name into the spotlight.
The execution commitment stretching over 12 months, combined with the earlier ₹276 crore order, shows a consistent flow of work from major energy projects.
For market watchers tracking small-cap stocks, multibagger stocks, or simply monitoring high-activity names with large order flows, Diamond Power’s latest update added one more data point to an already eventful year for the company.
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