Heavy buying and Rs 700 crore order book: Back-to-back upper circuit in this multibagger transformer stock; gains over 400 per cent!
Shares of the company gained more than 150 per cent in the last six months.
Shares of Indo Tech Transformers Limited were locked in the upper circuit on Friday, 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. The stock has gained more than 150 per cent in the last six months.
The company’s order book stood at Rs. 700 crores as of June 2024, which is 1.4 times the operating income reported in FY2024, providing healthy revenue visibility in FY2025. In the current fiscal, the revenue growth momentum will continue, aided by a strong order book position and enhanced production capacity. The company plans to incur a capex of Rs. 10.00 crore over FY2025, which will be funded through debt.
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Shares of Indo Tech Transformers Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 482.25 on August 03, 2023, to Rs 2281.00 on August 02, 2024, an increase of more than 400 per cent in a one-year holding period.
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 has a transformer manufacturing facility at Kadapa, Andhra Pradesh. It designs and manufactures power and distribution transformers to cater to the needs of electricity utilities and private enterprises.
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.