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Diamond Power zooms over 40% in three trading days on heavy volumes

The stock was up 10% at Rs 57.45, rallied 45% from Rs 39.60 on Friday, October 14.

SI Reporter  |  Mumbai 

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)

was locked in upper circuit for the third straight day at Rs 57.45, up 10% on BSE, on back of heavy volumes.

In past three trading sessions, the stock rallied 45% from Rs 39.60 on Friday, October 14, as compared to 1.3% rise in the S&P BSE Sensex.


Till 09:46 am, a combined 228,979 shares changed hands and there were pending buy orders for 3.08 million shares on the BSE and NSE.

On Tuesday, October 18, the public shareholders – (1.29 million) and (0.35 million) had collectively offloaded 1.64 million shares representing 2.4% of total equity of Diamond Power for Rs 8.57 crore via block deal. These entities sold shares at an average price of Rs 52.25 per share on BSE. LINK

The name of the buyers were not ascertained immediately.

Meanwhile, the promoters holding in the company increased to 44.58% in September quarter from 32.89% at the end of June quarter, the latest shareholding pattern data shows.

is an integrated power transmission and distribution services provider and equipment manufacturer. 

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Diamond Power zooms over 40% in three trading days on heavy volumes

The stock was up 10% at Rs 57.45, rallied 45% from Rs 39.60 on Friday, October 14.

The stock was up 10% at Rs 57.45, rallied 45% from Rs 39.60 on Friday, October 14.
was locked in upper circuit for the third straight day at Rs 57.45, up 10% on BSE, on back of heavy volumes.

In past three trading sessions, the stock rallied 45% from Rs 39.60 on Friday, October 14, as compared to 1.3% rise in the S&P BSE Sensex.

Till 09:46 am, a combined 228,979 shares changed hands and there were pending buy orders for 3.08 million shares on the BSE and NSE.

On Tuesday, October 18, the public shareholders – (1.29 million) and (0.35 million) had collectively offloaded 1.64 million shares representing 2.4% of total equity of Diamond Power for Rs 8.57 crore via block deal. These entities sold shares at an average price of Rs 52.25 per share on BSE. LINK

The name of the buyers were not ascertained immediately.

Meanwhile, the promoters holding in the company increased to 44.58% in September quarter from 32.89% at the end of June quarter, the latest shareholding pattern data shows.

is an integrated power transmission and distribution services provider and equipment manufacturer. 

image
Business Standard
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Diamond Power zooms over 40% in three trading days on heavy volumes

The stock was up 10% at Rs 57.45, rallied 45% from Rs 39.60 on Friday, October 14.

was locked in upper circuit for the third straight day at Rs 57.45, up 10% on BSE, on back of heavy volumes.

In past three trading sessions, the stock rallied 45% from Rs 39.60 on Friday, October 14, as compared to 1.3% rise in the S&P BSE Sensex.

Till 09:46 am, a combined 228,979 shares changed hands and there were pending buy orders for 3.08 million shares on the BSE and NSE.

On Tuesday, October 18, the public shareholders – (1.29 million) and (0.35 million) had collectively offloaded 1.64 million shares representing 2.4% of total equity of Diamond Power for Rs 8.57 crore via block deal. These entities sold shares at an average price of Rs 52.25 per share on BSE. LINK

The name of the buyers were not ascertained immediately.

Meanwhile, the promoters holding in the company increased to 44.58% in September quarter from 32.89% at the end of June quarter, the latest shareholding pattern data shows.

is an integrated power transmission and distribution services provider and equipment manufacturer. 

image
Business Standard
177 22