52-week high alert: This multibagger stock zooms more than 16 per cent in today’s session. Do you own it?

The stock has witnessed heavy buying and has given multibagger returns of more than 137 per cent in just 1 year and more than 195 per cent in just 6 months

On Monday, shares of RTS Power Corporation zoomed more than 16 per cent to make a new 52-week high of Rs 168. The scrip witnessed a massive spurt in volume by more than 3.45 times and closed 12.74 per cent up at Rs 162.80.   

A meeting of board of directors of the company is scheduled to be held on February 14, 2023 to take on record the unaudited standalone and consolidated financial results of the company for the quarter and nine months ended on December 31, 2022. Looking at the action in the stock price today, it looks like the market anticipates stellar results from the company.   

RTS Power Corporation is engaged in manufacturing and selling of power and distribution of transformers, cables, indispensable equipment for generation, transmission and distribution of electricity. Some of the customers of the company are Bajaj Electricals, Godrej & Boyce, Polycab India Ltd, Tata Projects Ltd, Larsen & Toubro Limited, BSNL, Government of Manipur, Indian Railways etc.  

The stock has witnessed heavy buying and has given multibagger returns of more than 137 per cent in just 1 year and more than 195 per cent in just 6 months. In the past 1 month, the stock has traded in huge volume and has surged more than 29 per cent. Keep a close eye on this trending multibagger stock.