Get Free Demat Account*
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
By Dalal Street Investment Journal (DSIJ)
Diamond Power hit the 10% upper circuit after securing a ₹435.71 crore order to supply HT and LT power cables for Hyderabad data centre projects. The stock touched ₹218.77, near its all-time high, while the order strengthened investor confidence amid India's expanding data centre sector.
Diamond Power locked in the 10% upper circuit on Monday after the company announced a major order linked to the data centre industry.
The stock opened at ₹213 and later locked at ₹218.77, which was also close to its all-time high of ₹219.00.
The company informed investors that it has secured a supply order worth ₹435.71 crore for the Hyderabad data centre projects. The order covers the supply of High Tension (HT) and Low Tension (LT) power cables for the 310 MW HYD22 to HYD26 data centre projects in Hyderabad, Telangana. The projects are being executed by L&T, Sterling and Wilson, and Blue Star.
Under the contract, the company will supply nearly 21.35 lakh metres of power cables. This includes around 1.89 lakh metres of HT cables and about 19.46 lakh metres of LT cables. Deliveries are scheduled to begin in the first week of August 2026. The supplies will continue in phases and are expected to be completed by March 2027.
India's data centre industry is expanding at a rapid pace. Growing cloud adoption, digital services and rising demand for artificial intelligence infrastructure are driving fresh investments across the country.
As more facilities come up, the requirement for power infrastructure is also increasing. Every data centre needs extensive cabling for power transmission and distribution. This creates long-term demand for specialised products such as HT cables, fire-resistant cables and other high-performance solutions.
Diamond Power Infrastructure Ltd is an integrated manufacturer of power transmission products. Its portfolio includes LV, MV, HV and EHV power cables, control and instrumentation cables, fire-resistant and flame-retardant cables, solar DC cables, EV charging cables and conductors. The company supplies products to sectors such as power, infrastructure, oil and gas, renewable energy, real estate and data centres.
On Monday, the stock opened at ₹213.00 against its previous close of ₹198.89. This was a gap-up opening of around 7.1%. Buying continued after the opening bell, taking the stock to ₹218.77, which was also close to its all-time high of ₹219.00.
This rally has added to the stock's strong performance this year. On a year-to-date basis, its share price has gained 58.63%.
Source: Dalal Street Investment Journal (DSIJ), BSE, NSE
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
Disclaimer :
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited
This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading