If you had bought these shares 11 months ago for Rs 1 lakh, you would not have to work.

Multi Bagger Stock: Some shares in the stock market make investors rich in a short period of time. Generally, everyone who invests in the stock market looks for such multi-bagger shares. One such stock that can make millionaires is Diamond Power Infrastructure Limited (DPIL). The stock has doubled, not quadrupled, but 62 times investors’ money in just 11 months. In September 2023, one share of Diamond Power Infrastructure Limited (DPIL) was priced at Rs 23.30, which has now increased to Rs 1430.60. If an investor had invested Rs 1 lakh in this share 11 months ago, today his investment value has increased to Rs 62 lakh. This means he can now live his life comfortably.

Diamond Power Infrastructure Limited is a small company. It is one of the oldest cable and conductor manufacturers in India. It is named 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 Investor (FII) holds 0.08% stake.

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Works done in 11 months
In September 2023, one share of Diamond Power Infrastructure Limited (DPIL) was priced at Rs 23.30. In the last trading session i.e. on Friday, the stock of DPIL fell by 2% to close at Rs 1430.60. Accordingly, investors’ money increased 62 times in just 11 months. The stock has gained 13% in the past one month, while in six months this multi-beagger stock has given investors a return of 348%.

Order received from Larsen & Toubro.
According to a Money Control report, DPIL recently received an order worth Rs 40.12 crore from engineering and construction company Larsen & Toubro. This order is for supply of AL 59 Zebra Conductor – New Generation Aluminum Alloy Conductor, to be supplied on “Kms Rate” basis with PV formula. The work is going to be completed by June 2025.

201% increase in revenue
Diamond Power Infrastructure Ltd’s revenue rose 201 percent to Rs 224 crore in the first quarter of the current fiscal from Rs 74 crore in the same quarter last year. The company’s operating profit for the June quarter was Rs 24 crore as against Rs 11 crore last year. The company’s net profit also rose 180 percent to Rs 17 crore in the June quarter.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes liable for any damages you incur.)

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