Midcap company Diamond Power Infrastructure sees 5% rise in stock, outperforms sector and Sensex

Diamond Power Infrastructure, a midcap company in the cable industry, saw a 5.0% increase in its stock on October 11, 2024. This rise in stock price was in line with the overall performance of the sector, as the company outperformed the sector by 4.3%.

The stock has been on a consecutive gain streak for the past four days, with a total increase of 15.09% during this period. On the day of October 11, the stock opened with a gain of 5%, reaching an intraday high of Rs 1504.9.

Diamond Power Infrastructure's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the company's performance.

In comparison to the Sensex, Diamond Power Infrastructure's stock has outperformed with a 1-day performance of 5.00% versus the Sensex's -0.24%. Similarly, in the past month, the company's stock has seen a 7.74% increase while the Sensex has only seen a -0.13% change.

Overall, Diamond Power Infrastructure's stock has shown a strong performance in the past few days, outperforming the sector and the Sensex. Investors may want to consider holding onto their current positions in the company, as suggested by MarketsMOJO's 'Hold' call for the stock.