Heavy buying: Back-to-back upper circuit in this micro-cap multibagger transformers stock; gains over 200 per cent!
Shares of the company have gained about 140 per cent in the last six months.
Shares of Star Delta Transformers 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 about 140 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 29.70 crore which grew by 548.17 per cent YoY. The company's operating profit stood at Rs 4.21 crore, while the PAT of the company stood at Rs 3.44 crore, which grew by 435.51 per cent on a YoY basis.
Also read, Investing or Trading: Which Path Is Right for You?
Shares of Star Delta 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 128.65 on October 24, 2022, to Rs 379.35 on October 23, 2023, an increase of about 200 per cent in a one-year holding period.
Star Delta Transformers (SDTL) is a leader in the manufacturing, supplying, erecting, testing and commissioning of power and distribution transformers. SDTL has been enhancing its capabilities in infrastructure and production capacity regularly and currently has an authorized annual manufacturing capacity of more than 1000 MVA. The company has also entered global markets with exports to countries like Azerbaijan, Myanmar, Afghanistan, etc.
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.
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