Investors in the Indian stock market are likely to closely monitor shares of Diamond Power Infrastructure Ltd this week. The small-cap multibagger stock is in the spotlight after the company announced securing a significant new contract, adding to a series of order wins in a single month.
New Order Win: A ₹66 Crore Boost
In a regulatory filing submitted to the BSE on Saturday, 27 December 2025, Diamond Power Infrastructure disclosed it has received a letter of intent (LOI) worth ₹66.18 crore. The order comes from Hild Projects Private Limited, an EPC contractor. The deal involves the supply of power cables and the stated value is exclusive of Goods and Services Tax (GST).
According to the filing details, the contract is structured on a kilometre rate basis. The company expects to begin execution from 1 January 2026 and aims to complete the supply by 30 June 2026.
December Order Book: A Month of Major Wins
This latest LOI is part of a remarkable series of order announcements made by Diamond Power in December 2025. Prior to this update, the company had informed the exchanges about four other contracts:
- A ₹55.54 crore LOI from Bondada Engineering on 17 December 2025.
- A ₹57.58 crore LOI from Rajesh Power Services on 16 December 2025.
- A ₹75.13 crore order update from Amara Raja Infra on 11 December 2025.
The most substantial order, however, came earlier in the month. The company bagged a massive letter of intent worth ₹747.64 crore from Adani Green Energy Ltd. This order is for supplying power cables to Adani's ambitious Khavda and Rajasthan renewable energy projects.
Stock Performance: A Multibagger's Journey
Diamond Power Infrastructure's share price closed at ₹139.95 on Friday, 26 December 2025, marking a slight dip of 0.74% from the previous close of ₹141. The stock's journey has been extraordinary for long-term investors. Since its listing in 2023, it has delivered staggering returns exceeding 5,100% to its shareholders, cementing its status as a multibagger.
However, recent performance shows some pressure. The stock has declined over 8% in the last one-year period. In 2025, on a year-to-date (YTD) basis, it is down by 9.22%. The stock has also seen a drop of 1.53% over the past month and 1.49% in the last five trading sessions.
As per BSE data, the company's shares touched a 52-week high of ₹185.10 on 17 July 2025, while the 52-week low stands at ₹81, recorded on 4 March 2025. The market capitalisation of Diamond Power Infrastructure stood at ₹7,374.96 crore at the end of Friday's trading session.
The influx of new orders, totalling over ₹1,000 crore in December alone, is expected to provide strong revenue visibility for the company in the coming financial year. Market participants will now watch for execution timelines and the impact of these contracts on the company's future financials, which could influence the share price trajectory of this multibagger stock.
