Multibagger Stock Soars 250% YTD—Upper Circuit for 5th Day in a Row!

Baishakhi Mondal

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Multibagger Stock Soars 250% YTD—Upper Circuit for 5th Day in a Row!

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.

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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.

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