Multibagger stock: The stock of Transformers and Rectifiers India has recently exhibited a remarkable upward trend, captivating the attention of investors. As of Monday, October 14, the shares opened at ₹816.95 on the BSE and have remained locked at this upper circuit level for the fifth consecutive session. Over the past five trading sessions, the stock has appreciated approximately 28%. Impressive as it is, the year-to-date performance reveals that the stock has surged over 252%, making it a noteworthy mention in discussions regarding multibagger stocks.
Performance Overview
Transformers and Rectifiers achieved its 52-week high of ₹845.70 on June 13, showcasing its potential. However, the stock’s trajectory was impacted by profit booking during August and September. A significant dip of 15% was observed last month, but the momentum towards recovery has been strong this October, with the stock witnessing a near 30% surge thus far.
Historical Price Movement
The stock hit a concerning 52-week low of ₹142.10 on October 26 of the previous year. Remarkably, at its current market price of ₹816.95, the shares have experienced an astounding increase of 475% from that low point. This performance exemplifies the resilience and potential of Transformers and Rectifiers as a genuinely multibagger stock.
Recent Financial Results
On October 8, Transformers and Rectifiers India reported a consolidated profit of ₹45.91 crore for the quarter ending September 30, 2024. This marks a significant increase compared to a profit of ₹1.9 crore reported during the same quarter last year and a profit of ₹20.83 crore in the June quarter of the ongoing financial year. These figures reflect a solid recovery and growth trajectory for the company.
Revenue Growth
Revenue from operations for Q2FY25 stood at ₹461.54 crore, compared to ₹257.1 crore in Q2FY24 and ₹322 crore in Q1FY25. The significant year-on-year growth in revenue highlights the company’s robust business model and effective strategies in a competitive market.
