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Shares of Diamond Power Infrastructure has surged 18% to Rs 63.95, extending its past two days rally on the National Stock Exchange (NSE) after the company received orders worth of Rs 332 crore from Assam and Nagaland governments.
In past three trading sessions, the stock zoomed 69% from Rs 37.75 on March 13, compared with less than 1% rise in the CNX Nifty.
The company one of the leading power equipment manufactures and EPC firm announced the receipt of orders aggregating Rs 332 crore from Assam State Electricity Board (ASEB) and Nagaland Electricity Board.
The above said orders are to be executed in the next 12 months. The company’s orders book position stands Rs 2,034 crore.
At 0930 hours, the stock was trading higher by 15% at Rs 62.25 on the NSE. A combined around one million shares have already changed hands on the NSE and BSE.
In past three trading sessions, the stock zoomed 69% from Rs 37.75 on March 13, compared with less than 1% rise in the CNX Nifty.
The company one of the leading power equipment manufactures and EPC firm announced the receipt of orders aggregating Rs 332 crore from Assam State Electricity Board (ASEB) and Nagaland Electricity Board.
The above said orders are to be executed in the next 12 months. The company’s orders book position stands Rs 2,034 crore.
At 0930 hours, the stock was trading higher by 15% at Rs 62.25 on the NSE. A combined around one million shares have already changed hands on the NSE and BSE.
