The stock of Transformers and Rectifiers India has been in a significant uptrend lately. On October 14, 2024, the stock hit its 5% upper circuit for the fifth consecutive session, opening at ₹816.95 on the BSE and staying locked at that price throughout the trading day. Reports suggest that the latest upswing was triggered by a block deal, though this has not been independently verified.
Recent Stock Performance: 475% Rise from 52-Week Low
In the last five trading sessions alone, the stock has surged by around 28%. Year-to-date, it has soared over 252%, reflecting its strong bullish momentum. The stock hit its 52-week high of ₹845.70 on June 13, 2024, before facing profit booking in August and September. Despite a 15% dip last month, the stock has regained momentum, rising nearly 30% in October so far. From its 52-week low of ₹142.10, recorded on October 26 last year, the stock has now increased by an impressive 475%.
Q2 Earnings Boost the Stock
The stock’s performance has been further supported by strong quarterly earnings. On October 8, 2024, Transformers and Rectifiers India reported a consolidated profit of ₹45.91 crore for Q2FY25, a sharp rise compared to ₹1.9 crore in the same period last year. Additionally, this is a significant improvement over the ₹20.83 crore profit reported in Q1FY25.
Revenue from operations for Q2FY25 stood at ₹461.54 crore, compared to ₹257.1 crore in Q2FY24 and ₹322 crore in Q1FY25.
Key Performance Indicators
- 5% Upper Circuit: Locked at ₹816.95 for the fifth consecutive session.
- Stock Performance: 28% surge in the last five sessions; year-to-date rise of over 252%.
- 52-Week High/Low: ₹845.70 (high on June 13, 2024) and ₹142.10 (low on October 26, 2023).
- Q2 Profit: ₹45.91 crore, up significantly from ₹1.9 crore in Q2FY24.
- Q2 Revenue: ₹461.54 crore, up from ₹257.1 crore in Q2FY24 and ₹322 crore in Q1FY25.
Table: Key Metrics for Transformers and Rectifiers India
| Metrics | Values |
|---|---|
| Current Price (INR) | 816.95 |
| 5-Day Price Increase (%) | 28% |
| Year-to-Date Increase (%) | 252% |
| 52-Week High (INR) | 845.70 (June 13, 2024) |
| 52-Week Low (INR) | 142.10 (October 26, 2023) |
| Q2FY25 Profit (INR Cr.) | 45.91 |
| Q2FY24 Profit (INR Cr.) | 1.9 |
| Q1FY25 Profit (INR Cr.) | 20.83 |
| Q2FY25 Revenue (INR Cr.) | 461.54 |
| Q2FY24 Revenue (INR Cr.) | 257.1 |
| Q1FY25 Revenue (INR Cr.) | 322.0 |
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