Heavy buying: Back-to-back upper circuit in this micro-cap stock; hits fresh 52-week high!

In the last one month, the stock has gained more than 90 per cent.

Shares of Indo Tech Transformers Limited were locked in the upper circuit in the morning trade, gaining 5.00 per cent. The stock has also delivered multibagger returns in the last one year. During this period, the company’s share price jumped from Rs 186.45 on June 01, 2022, to Rs 387.10 on June 01, 2023, an increase of about 107 per cent in one-year holding period.

In the recent quarter Q4FY23, the company's net revenue increased by 45.7% YoY to Rs 144.57 crore in Q4FY23. The PAT of the company increased by 218.48 per cent to Rs 19.30 crore.    

Today, the stock opened at Rs 372.00 with a high and low of Rs 390.60 and Rs 372.00, respectively. Currently, the stock is trading at Rs 390.60, up by 5.00 per cent. The stock has a 52-week high of Rs 390.60 and a 52-week low of Rs 151.60. The company has a ROCE of 17.3 per cent and a ROE of 16.3 per cent with a market capitalisation of Rs 415 crore.    

Indo Tech Transformers Limited is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers, and substations. The company’s manufacturing plants are in Chennai and Kancheepuram in Tamil Nadu. ITL is a subsidiary of Shirdi Sai Electricals Limited, and SSEL currently holds a 70.01% stake in ITL.

The company has shown exceptional growth and investors should keep a close eye on this stock.
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