Shares Of This Power Equipment Manufacturer Gave 6,100% Returns In 11 Months

Multi-bagger stocks are shares of a company that deliver returns several times higher than their original purchase price. One such company is Diamond Power Infrastructure Limited (DPIL), which has emerged as a dream stock for retail investors.

The share price of this stock has increased the money of investors by an astonishing 62 times (6,100%) in a remarkably short span of 11 months. In September 2023, the price of one share of DPIL was Rs 23.30, which has now increased to Rs 1,430.60. If an investor had invested Rs 1 lakh in this stock at that time, then today the value of his investment has become Rs 62 lakh.

Diamond Power Infrastructure Limited is a small-cap company. It is one of the oldest power equipment manufacturers in India. It is listed among the fastest-growing companies in the Fast-Moving Electrical Goods (FMEG) sector. Promoters hold a 90 per cent stake in Diamond Power Infrastructure Limited, while public shareholders hold a 9.93 per cent stake. Foreign Institutional Investors (FIIs) hold a 0.08 per cent stake.

In September 2023, the price of one share of the company was Rs 23.30. In the last trading session, i.e., on Friday, the stock of DPIL fell 2 per cent to close at Rs 1430.60. According to the latest session, the money of the investors increased 62 times in just a few months. In the last month, this stock has gained 13 per cent, while in six months, this multi-bagger stock has given a 348 per cent return to the investors.

According to Moneycontrol, DPIL has recently received an order of Rs 40.12 crore from engineering and construction company Larsen & Toubro. This order is for the supply of AL 59 Zebra Conductor – New Generation Aluminum Alloy Conductor, which will be made available based on “Kms Rate” with PV formula. This work is scheduled to be completed by June 2025.

In the first quarter of the current financial year, the revenue of DPIL grew by 201 per cent to Rs 224 crore from Rs 74 crore in the same quarter last year. The company’s operating profit in the June quarter was Rs 24 crore from Rs 11 crore last year. The company’s net profit also grew by 180 per cent to Rs 17 crore in the June quarter.