Diamond Power Infrastructure Sees Surge in Trading Activity Amid Strong Market Interest

May 12 2025 11:00 AM IST
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Diamond Power Infrastructure Ltd, a midcap cable industry player, experienced significant trading activity, reaching its upper circuit limit with an intraday high of Rs 97.39. The stock recorded a turnover of Rs 1.53 crore and demonstrated strong market interest, despite a decline in delivery volume.
Diamond Power Infrastructure Ltd, a midcap player in the cable industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 97.39, reflecting a significant price change of 8.08 points, or 9.13%. This performance outpaced the sector, which gained 2.5%, and the stock opened with a notable gap up of 6.17%.

Throughout the trading session, Diamond Power Infrastructure recorded a total traded volume of approximately 1.59 lakh shares, resulting in a turnover of Rs 1.53 crore. The last traded price stood at Rs 96.62, with a price band of 10%, indicating strong market interest.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. Despite a decline in delivery volume, which fell by 52.43% against the 5-day average, the stock's liquidity remains adequate for trading.

Overall, Diamond Power Infrastructure's performance today highlights its strong position within the cable sector, showcasing resilience and notable trading activity.
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