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The Indian stock market witnessed strong momentum today, with both the BSE Sensex and Nifty 50 trading in the green. Amid the broader rally, one counter grabbed major investor attention—Diamond Power Infrastructure—which once again hit its 10% upper circuit.

The stock, already known for its extraordinary long-term wealth creation, reportedly delivered staggering returns of around 257,276% over the past five years, making it one of the most talked-about multibaggers in the market. It was trading near ₹218 during the latest surge.

The latest trigger behind the sharp move is a new large-scale contract worth approximately ₹435.71 crore secured by the company. The project is linked to a 310 MW data centre development in Hyderabad.

Under this order, Diamond Power Infrastructure is set to supply high-tension and low-tension power cables to major infrastructure players, including Larsen & Toubro (L&T) and Blue Star. The association with established names in the sector has further boosted investor confidence, leading to strong demand for the stock.

With this fresh order win, market sentiment around the company has strengthened further. Investors are viewing it as another step in its ongoing growth story, especially after its already remarkable long-term performance. The latest surge has once again placed the stock in the spotlight among retail and institutional participants alike.