Diamond Power Infrastructure shares reached an all-time high of ₹240 on the Bombay Stock Exchange, rising 6.5% in a session marked by broader weakness across Dalal Street.
The stock has now climbed 107% from its 52-week low of ₹115.80, signaling a robust recovery trajectory for the infrastructure developer.
The rally was bolstered by a bullish outlook from brokerage InCred, which identified 28% additional upside potential.
The rally was bolstered by a bullish outlook from brokerage InCred, which identified 28% additional upside potential.
The firm highlighted a notable improvement in Diamond Power’s financial position, specifically noting that working capital is now being funded by promoters.
This shift in funding structure has strengthened the company’s balance sheet and reduced reliance on external debt for operational liquidity.
The stock’s outperformance stands in contrast to the wider market sentiment, which faced pressure during the same trading session.