Heavy buying and 5,700 per cent returns: Back-to-back upper circuit in this multibagger transformers stock; reports 113 per cent jump in net profit in FY24!
Shares of the company gained more than 90 per cent in the last six months.
Shares of Shilchar Technologies Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock was locked in the upper circuit. The stock has gained more than 90 per cent in the last six months.
The company posted brilliant Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 105.43 crore which grew by 10.99 per cent YoY. The operating profit of the company stood at Rs 34.82 crore, while the PAT of the company stood at Rs 25.02 crore, representing an impressive growth of 53.71 per cent YoY. In FY24, the company reported a 113 per cent increase in its net profit.
Shares of Shilchar Technologies Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 114.38 on August 06, 2021, to Rs 6716.45 on July 31, 2024, an increase of more than 5,700 per cent in the last three-year holding period.
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Shilchar Technologies is engaged in the business of manufacturing Electronics & Telecom and Power & Distribution transformers. The company has recently ventured into the manufacturing of Ferrite transformers. The company caters to the requirements of Private Utility Companies, Renewable Energy Solar, Wind & Hydel, Cement, Sugar, Steel & Hydrocarbon Industries, Power Plant Developers, etc.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.