Diamond Power Infrastructure's Stock Soars 5.0% and Hits All-Time High on Positive Trend

Diamond Power Infrastructure, a midcap company in the cable industry, saw a 5.0% increase in its stock on October 18, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call. The stock hit a new 52-week and all-time high of Rs.1891 on the same day, outperforming the sector by 3.58%.

In the past 9 days, Diamond Power's stock has been on a consecutive rise, with a 44.9% increase in returns. The stock also touched an intraday high of Rs.1891, showing a 4.9% increase, and an intraday low of Rs.1750, with a -2.93% decrease.

Diamond Power is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex performance, Diamond Power's stock has outperformed with a 1-day performance of 4.29% versus Sensex's 0.38%. In the past month, the company's stock has shown a 34.40% increase, while the Sensex has seen a -1.97% decrease.

Overall, Diamond Power Infrastructure's stock has shown a strong performance in the past few days, with a positive trend and outperforming the sector and Sensex. Investors may want to keep an eye on this midcap company in the cable industry.