Multibagger Transformers & Cables Stock Hit Upper Circuit as Company Reports Stellar Quarterly Results (Q1FY25); PAT Jumps Over 350 Per Cent
The stock is up by 65.2 per cent from its 52-week low of Rs 123.20 per share and gave multibagger returns of 260 per cent in 2 years.
RTS Power Corporation Ltd (RPCL), a flagship venture of the Bhutoria Group established in 1971, is a key player in India's power sector. Specializing in the manufacturing and sale of power and distribution transformers, cables, and wind power solutions, RPCL is a pivotal contributor to the generation, transmission, and distribution of electricity. The company's strategic positioning as a multi-locational and multi-product enterprise leverages cost-effective production in North India to serve customers across the northern and eastern regions through its strategically placed plants.
On Wednesday, shares of RTS Power Corporation Ltd surged and reached an upper price band of Rs 203.034 per share, after being locked in the 5 per cent upper circuit. Shares have a 52-week high of Rs 294 while their 52-week low is Rs 123.20.
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According to Quarterly Results, the net sales increased by per cent to Rs 43.95 crore and net profit increased by per cent to Rs 4.08 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of Rs 140 crore and net profit of Rs 4 crore in FY24. The promoters of the company own a 74 per cent stake in the company and the rest 26 per cent stake is owned by the general public as of June 2024.
The company has a market cap of Rs 186.17 crore. The stock is up by 65.2 per cent from its 52-week low of Rs 123.20 per share and gave multibagger returns of 260 per cent in 2 years. Investors must keep this stock on their watch list.
Disclaimer: The article is for informational purposes only and not investment advice.
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