Technical analyst Avinash Gorakshakar of Anagram Capital maintained 'buy' rating on Diamond Power Infrastructure Limited stock with a target of Rs 275.

According to analyst, the stock can achieve the said target in a period of 12 month period.

Today, the stock of the company opened at Rs 178.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 264.20 and a low of Rs 115 on BSE.

Diamond Power Infrastructure Limited announced that it has bagged deals from Power Grid Corporation of India Ltd and SMO-SPIC, for supplying 400 KV D/C line conductors.

But, the unified participant in the power equipment and EPC section did not divulge the value of contracts.

PGCIL's order is for for the 2,000 km Kashipur-Roorkee transmission line connected with the Northern Region Strengthening Scheme-XXI.

And the second deal is for 267 kilometer Tuticorin JV-Madurai line at coastal energy being carried out by SMO-SPIC

As on September 30th 2010, the company's order book status remained at Rs 1,745 crore.