If you are looking for a multi-bagger share in the stock market, then look no further and invest in the stock of Transformers and Rectifiers (India) Limited (TRIL). After the fourth quarter results of the company were made public, the enthusiasm of investors towards this stock skyrocketed. Today, on April 12, till the filing of this report, the share price of TRIL was Rs 546.95 on the National Stock Exchange. This stock has given about 770 per cent return to investors in one year.
Transformers and Rectifiers (India) Limited (TRIL) has announced its financial results for the January-March quarter of the fiscal year 2023-24. The company’s consolidated net profit surged fourfold to reach Rs 41.62 crore in the fourth quarter. In comparison, during the same quarter of the fiscal year 2022-23, the company recorded a net profit of Rs 9.60 crore.
Additionally, the total income for the fourth quarter of the fiscal year 2023-24 rose to Rs 514 crore from Rs 439.50 crore in the corresponding quarter of the previous year. For the entire fiscal year 2023-24, the company reported a profit of Rs 47.01 crore, reflecting an increase from Rs 42.35 crore in the fiscal year 2022-23.
The shares of Transformers and Rectifiers (India) Limited (TRIL) have been rising in the last 12 trading sessions. A year ago i.e. on April 10, 2023, the price of a TRIL share was Rs 59.45. Now it has increased to Rs 546.95. This means that this multi-bagger share has given about 770 per cent returns to investors in one year.
If an investor had invested Rs 1 lakh in this share a year ago and maintained his investment, then today the value of his investment would have become Rs 8,69,638. In the last six months, this multi-bagger stock has given 204 per cent returns to investors. So far in the year 2024, this stock has doubled the investors’ money. During this period, TRIL’s share price has increased by 116 per cent.
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