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

Shares of the company have gained more than 120 per cent in the last six months.

Shares of Alfa Transformers Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 130 per cent. On Tuesday, the stock also made a fresh 52-week high at Rs 60.11.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 12.38 crore which grew by 256.24 per cent YoY. The operating profit of the company stood at Rs 1.79 crore, while the PAT of the company stood at Rs 1.23 crore, representing a growth of 360 per cent YoY.

Shares of Alfa Transformers Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 6.80 on September 12, 2022, to Rs 60.11 on September 12, 2023, an increase of about 750 per cent in one year holding period.

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Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara.

Today, the stock opened at Rs 60.11, with a high and low of Rs 60.11 and Rs 54.39. The stock closed trading at Rs 60.11, up by 5.00 per cent.

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.