Bengaluru, June 5 -- This small-cap Power Stock, engaged in manufacturing power transmission products, including aluminum and alloy rods, conductors, MV cables, and transmission towers for the energy sector, plunged 6 percent after the promoter planned to sell a 5.98 percent stake in the company through an offer for sale (OFS).

With a market capitalization of Rs. 5,749.25 crores, the share of Diamond Power Infrastructure Limited has reached an intraday low of Rs. 101.60 per equity share, rising nearly 5.66 percent from its previous day's close price of Rs. 107.70. Since then, the stock has retreated and is currently trading at Rs. 109.10 per equity share.

Monarch Infraparks Private Limited and GSEC Limited, the promoters of Diamond Pow...