New Delhi, April 20 -- Diamond Power Infrastructure, a small-cap stock with a market capitalisation of Rs.8,500 crore, gained over 9.5% in Monday's trade, April 20, to hit an intraday high of Rs.164 apiece, extending its winning run to sixth session. The stock was last seen around these levels were in mid-September.

The rally has helped the stock recover all its recent losses and emerge as one of the top performers in April, surging 39% so far based on today's high. Investor sentiment has been boosted after the company secured multiple order wins this month, improving its revenue outlook as well as valuation multiples.

Last week, the company stated that it had received a letter of intent from Adani Power Limited for the design, engineer...