Multibagger Stock: THIS Penny Stock Transforms Rs 1 Lakh into Rs 1 Crore – More Details

New Delhi: The stock market is often compared to a long journey, and Transformers and Rectifiers India shares show how patient investors can enjoy huge rewards. This small-cap company has transformed from a penny stock to one of the Indian stock market’s multibaggers in just under four years. Since April 9, 2020, its share price has skyrocketed from Rs 6.50 to Rs 680 per share. The stock has delivered an astounding 10,350 per cent return to long-term investors.

Transformers and Rectifiers India Limited: Share Price Performance

Although the stock has dipped about 7 per cent in the last month, it has surged by nearly 45 per cent in the past six months, climbing from Rs 465.60 to Rs 680 per share on the BSE. Since the beginning of 2023, the stock has jumped 185 per cent, rising from Rs 238.70 to Rs 680 per share. Over the last year, the stock has gained approximately 300 per cent, up from Rs 172.

Transformers and Rectifiers India Share Price During COVID

On April 9, 2020, during the COVID-19 market sell-off, the stock was priced at just Rs 6.50 per share. Fast forward to today, and it’s now trading at Rs 680 per share.

How Much Return It Delivers?

Investors who put Rs 1 lakh into Transformers and Rectifiers India shares one month ago would now have Rs 93,000 due to the recent dip. However, those who invested Rs 1 lakh six months ago would have seen their investment grow to Rs 1.45 lakh. An investment of Rs 1 lakh a year ago would now be worth Rs 4 lakh.

The real magic lies in long-term investing. If someone had invested Rs 1 lakh in the stock back in April 2020, their investment would have grown to an incredible Rs 1.04 crore today.

All About Transformers and Rectifiers India

Transformers and Rectifiers India is currently listed on both the BSE and NSE, with a market capitalization of Rs 8,958 crore. The stock traded a volume of 1,31,520 shares on Friday. Its 52-week high on the BSE is Rs 845.70, while its 52-week low is Rs 142.10 per share.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)