Power Semiconductor Stock With 16,000 Per Cent Multibagger Returns; Board Allocates 3,16,485 Equity Shares To An FII

The stock gave multibagger returns of 250 per cent in just 1 year, 4,000 per cent in 3 years and a whopping 16,000 per cent in 10 years.

RIR Power Electronics Ltd allotted 3,16,485 equity shares worth Rs 10 each to MULTITUDE GROWTH FUNDS LIMITED (Formerly known as AG DYNAMIC FUNDS LIMITED), following the conversion of 3,16,485 warrants. The shares were allotted at a price of Rs 855 per share, including a premium of Rs. 845 per share. This allotment increased the company's paid-up equity share capital to Rs. 7,67,37,250, comprising 76,73,725 equity shares.

RIR Power Electronics Limited's inauguration of a new Silicon Carbide-based manufacturing facility in Odisha marks a significant stride in India's semiconductor industry. This state-of-the-art facility underscores Odisha's commitment to technological advancement and its emergence as a hub for cutting-edge manufacturing. By bolstering domestic production of high-performance semiconductors, this initiative paves the way for India's self-reliance in the electronics sector, fostering innovation and driving economic growth.

RIR Power Electronics Limited, a prominent player in power electronics and semiconductors, has strategically expanded its operations into high-growth sectors such as Railways, Defence, Clean Energy, Hydrocarbon, and Mining. This expansion signifies a pivotal moment in the company's growth trajectory and its unwavering dedication to innovation. Key highlights of this strategic move include the development of advanced semiconductor devices for railway locomotives, the successful manufacturing of components for defence applications, the delivery of rectifier systems for nuclear power and industrial processes, and the provision of solutions for mining and renewable energy sectors. These advancements underscore RIR's commitment to providing cutting-edge power electronics solutions that drive efficiency and sustainability in various industries.

The company has a market cap of Rs 2,264 crore with an ROE of 21 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 250 per cent in just 1 year, 4,000 per cent in 3 years and a whopping 16,000 per cent in 10 years. Investors should keep an eye on this semiconductor stock.

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