If you had bought these shares for Rs 1 lakh 11 months ago, you wouldn’t have had to work

Multibagger Stocks : Some shares in the stock market make investors rich in a short time. Usually, every person investing in the stock market is looking for such multibagger shares. One such stock that makes a millionaire is Diamond Power Infrastructure Limited (DPIL). This stock has increased the money of investors not two, four times, but 62 times in just 11 months. In September 2023, the price of one share of Diamond Power Infrastructure Limited (DPIL) was Rs 23.30, which has now increased to Rs 1430.60. If an investor had invested Rs 1 lakh in this stock 11 months ago, then today the value of his investment has become Rs 62 lakh. That is, he can now live his life comfortably.

Diamond Power Infrastructure Limited is a small-cap company. It is one of the oldest cable and conductor manufacturers in India. It is listed among the fastest growing companies in the Fast-Moving Electrical Goods (FMEG) sector. Promoters hold 90 per cent stake in Diamond Power Infrastructure Limited, while public shareholders hold 9.93 per cent stake. Foreign Institutional Investors (FIIs) hold 0.08 per cent stake.

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Things were done in 11 months
In September 2023, the price of one share of Diamond Power Infrastructure Limited (DPIL) was Rs 23.30. In the last trading session i.e. on Friday, the stock of DPIL fell 2 percent to close at Rs 1430.60. According to this, the money of investors increased 62 times in just 11 months. In the last one month, this stock has gained 13 percent, while in six months this multibagger stock has given 348 percent return to the investors.

Order has been received from Larsen & Toubro
According to a report by Moneycontrol, DPIL recently received an order worth Rs 40.12 crore from engineering and construction company Larsen & Toubro. The order is for the supply of AL 59 Zebra Conductor – a new generation aluminum alloy conductor, which will be made available on a “Kms rate” basis with PV formula. This work is scheduled to be completed by June 2025.

201 percent jump in revenue
In the first quarter of the current financial year, the revenue of Diamond Power Infrastructure Limited increased by 201 percent to Rs 224 crore, which was Rs 74 crore in the same quarter last year. In the June quarter, the company’s operating profit was Rs 24 crore, which was Rs 11 crore last year. In the June quarter, the company’s net profit also increased by 180 percent to Rs 17 crore.

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

Tag: Business News, Multibagger Stocks, Stock Market, Stock Tips