Diamond Power Infrastructure reaches all-time high, outperforms sector with consecutive gains

Diamond Power Infrastructure, a midcap company in the cable industry, has recently reached an all-time high price of Rs. 1659 on October 15, 2024. This has been a consecutive gain for the stock, which has been rising for the past 6 days and has seen a 26.43% increase in returns during this period. The stock opened with a 5% gain today and reached an intraday high of Rs. 1659, outperforming the sector by 3.83%. The stock has been trading in a narrow range of Rs. 12.65 and has shown high volatility with an intraday volatility of 59.56%. Diamond Power is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. In the past year, Diamond Power Infrastructure has shown an impressive performance with a 2890.27% increase, while the Sensex has only seen a 24.03% increase. This shows the strong potential of the company in the cable industry. MarketsMOJO has given a 'Hold' call for Diamond Power stock, suggesting that investors should hold onto their current positions. This news is sure to bring a positive sentiment among investors and further boost the company's stock price. Diamond Power Infrastructure has been making steady progress in the cable industry and this recent all-time high price is a testament to its growth. With a strong performance in the past year and positive market sentiment, the company is definitely one to watch out for in the midcap segment.