Madhuri Kela bought 55,78,111 shares of this multibagger electrical equipment stock with huge order book worth Rs 2,149 crore; Do you own it?

The stock gave multibagger returns of 240 per cent in just 1 year, 490 per cent in 2 years and a whopping 1,750 per cent in 3 years.

The ongoing conflict between Israel and Palestine has prompted a corrective trend in the Indian markets. On Friday, the BSE Sensex Index concluded the session with a 0.19 per cent decline, closing at 66,283, reflecting negative market performance.

Although the market is trading in red, this multibagger hidden gem was buzzing on the stock market. Let's know the stock trend: -

On October 13, 2023, an ace investor Madhuri Madhusudan Kela, wife of Madhusudan Kela bought 55,78,111 shares on a preferential basis at Rs 120 per share of a face value of Rs 1 each aggregating to Rs 66,93,73,320 or Rs 66.94 crore.

Order Book Update: As of June 30, 2023, the company has an order book of Rs 2,149 crore including the new order of Rs 377 crore in the same quarter.

The stock that created the excitement is none other than Transformers & Rectifiers India Ltd.

Transformers & Rectifiers India Limited manufactures a wide range of transformers. The company's products include power generation, transmission, and distribution transformers. The company has a market cap of over Rs 2,311 crore and has delivered good profit growth of 49.7 per cent CAGR over the last 5 years.

In its Quarterly Results, the company reported net sales of Rs 156 crore and a net loss of Rs 12 crore in Q1FY24. In FY23, the net sales increased by 20 per cent to Rs 1,380 crore and net profit skyrocketed by 200 per cent to Rs 42 crore compared to FY22.

On Friday, shares of the company plunged 0.71 per cent to Rs 174.15 per share with an intraday high of Rs 178.25 and an intraday low of Rs 172.

The stock gave multibagger returns of 240 per cent in just 1 year, 490 per cent in 2 years and a whopping 1,750 per cent in 3 years. Investors should keep an eye on this Small-Cap stock under their watchlist.  

Disclaimer: The article is for informational purposes only and not investment advice.