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The company clarified that neither the promoter nor the promoter group has any interest in the awarding entity. The contract does not fall under related party transactions.
Diamond Power Infrastructure is engaged in the business of manufacturing transmission & distribution of power products & services in India. The company's consolidated net profit zoomed 693% to Rs 49.72 crore on a 54.2% surge in net sales to Rs 474.08 crore in Q3 FY26 over Q3 FY25.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 22.05 points or 0.03% to 85,072.33. The Nifty 50 index added 11.60 points or 0.04% to 26,056.15.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.03% and the S&P BSE Small-Cap index shed 0.03%.
The market breadth was positive. On the BSE, 1,479 shares rose and 1,683 shares fell. A total of 223 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 317.56 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,772.56 crore in the Indian equity market on 24 December 2025, provisional data showed.
Stocks in Spotlight:
Suzlon Energy rose 0.43%. The company announced that Vivek Srivastava has resigned as chief executive officer (CEO) of the WTG Division, effective December 26. 2025.
Diamond Power Infrastructure advanced 0.82%. The company said that it has received a letter of intent from Hild Projects, an EPC contractor, for the supply of power cables worth Rs 66.18 crore.
Avantel added 0.09%. The company has received a contract worth Rs 4.16 crore from the Ministry of Defence, Headquarters Naval Aviation, for CAMC of Satcom equipment.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.14% to 6.569 as compared with the previous close of 6.560.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 89.9400 compared with its close of 89.9000 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement rose 0.24% to Rs 1,40.187.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 97.99.
The United States 10-year bond yield rose 0.10% to 4.135.
In the commodities market, Brent crude for February 2025 settlement added 63 cents or 1.04% to $61.27 a barrel.
Global Markets:
Most Asian markets advanced on Monday as investors kicked off the final trading week of the year.
Prices of spot silver rose to a fresh record high of above $80 per ounce before pulling back sharply to $77. Silver’s recent surge was driven by speculative buying and lingering supply tightness, said experts.
Media report further stated silver’s rally this year reflects a depletion of freely traded inventory, amplifying price moves as demand increases.
On Friday stateside, the S&P 500 reached a new high and posted weekly gains as traders came back from the Christmas holiday.
The broad market index closed down 0.03% to end at 6,929.94. At its high, the S&P 500 was up 0.2%, reaching 6,945.77. The Nasdaq Composite slipped 0.09% and closed at 23,593.10. The Dow Jones Industrial Average fell 20.19 points, or 0.04%, and settled at 48,710.97.
Diamond Power Infrastructure is engaged in the business of manufacturing transmission & distribution of power products & services in India. The company's consolidated net profit zoomed 593.3% to Rs 27.73 crore on a 75.1% surge in net sales to Rs 438.33 crore in Q2 FY26 over Q2 FY25.
Shares of Diamond Power Infrastructure shed 0.32% to Rs 139.50 on the BSE.
The purchase order has been awarded on a “kms rate basis with PV formulae” and is to be executed between 1 January 2026, and 30 June 2026.
The order has been awarded by a domestic entity, and the company confirmed that neither its promoters nor related parties have any interest in the awarding entity. The contract does not fall under related-party transactions.
Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries. The company’s consolidated net profit surged 119.84% to Rs 58.06 crore on a 103.74% jump in net sales to Rs 637.81 crore in Q2 FY26 over Q2 FY25.
Shares of Diamond Power Infrastructure rose 0.61% to Rs 140.50, while Rajesh Power Services shares declined 0.23% to Rs 1,083 on the BSE.