Heavy buying and Rs 2,582 crore order book: Back-to-back upper circuit in this multibagger stock; gains over 700 per cent!

Shares of the company gained more than 250 per cent in the last six months.

Shares of Transformers & Rectifiers India Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 250 per cent.

Recently, Transformers and Rectifiers (India) Limited (TRIL) secured a significant order win of Rs. 359 crores. This comprises an export order for transformers valued at Rs. 161 crores from AL Anwaar International and domestic orders totalling Rs. 198 crores from Adani Group and Larsen & Toubro (L&T) Group.

The company posted robust Quarterly Results in Q4FY24. The revenue of the company stood at Rs 512.70 crore which increased by 16.96 per cent YoY. The operating profit of the company stood at Rs 72.92 crore. The company’s PAT stood at Rs 41.62 crore which increased by 333.54 per cent. The stock has delivered over 700 per cent returns in one year.

Transformers & Rectifiers (India) Limited has consolidated its position in the Indian Transformer Industry as a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. The capability to develop world-class power, distribution, furnace, and specialty transformers is credited to the creation of a world-class infrastructure at three plants around the city of Ahmedabad, one of the leading industrialized cities of India. The company has a strong order book of Rs 2,582 crores.

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.