Diamond Power Infrastructure reaches all-time high, outperforms sector and moving averages

Jun 30 2024 09:20 AM IST
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Diamond Power Infrastructure, a midcap cable company, has reached an all-time high price of Rs.1290.85 on June 30, 2024. It has been on a 12-day gaining streak, outperforming the sector by 3.25%. The stock opened with a 2% gain and has been trading at this price, indicating a strong hold in the market.
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Diamond Power Infrastructure, a midcap company in the cable industry, has recently reached an all-time high price of Rs.1290.85 on June 30, 2024. This has caught the attention of investors and market analysts alike, with MarketsMOJO giving a 'Hold' call for the stock.

The stock has been on a consecutive 12-day gaining streak, outperforming the sector by 3.25%. Today, it opened with a 2% gain and reached an intraday high of Rs.1290.85. Interestingly, the stock has been trading at this price since the opening, indicating a strong hold in the market.

Diamond Power Infrastructure is also performing well in comparison to its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, its 1-year performance is not available as of now.

With this recent surge in price and positive market sentiment, Diamond Power Infrastructure seems to be a promising stock in the cable industry. Investors may want to keep an eye on its future performance.
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Our weekly and monthly stock recommendations are here
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