Small-cap penny stock goes from ₹6.50 to ₹680 in four years, turning ₹1 lakh into ₹1 crore
Multibagger stock: In only a single year, the small-cap stock went from ₹1 lakh to ₹4 lakh.
Multibagger stock: Just as Rome wasn’t built in a day, neither can an investor in the stock market become wealthy quickly. It’s a common belief that waiting is more profitable than purchasing and selling stocks. The path taken by Transformers and Rectifiers (India) shares is illuminating in terms of how wealth growth is enjoyed by long-term investors. Since April 9, 2020, this small-cap stock has increased from ₹6.50 per share to ₹680 per share. This indicates that in the last four years, a small-cap penny stock has emerged as a multi bagger on the Indian stock market. This is among the 100-baggers that the Indian stock market has produced recently.
Transformers and Rectifiers India: In just one month, this small-cap multibagger penny stock has lost almost 7% and is still in a base-building stage. But during the past six months, the multibagger stock has risen roughly 45%, from about ₹656 to ₹680 per share on the BSE. Over the last year, the multibagger penny stock has increased by 185%, from around ₹238.70 to ₹680 per share. Similarly, in only a single year, this multibagger stock has soared from ₹172 to ₹680 a share.
This small-cap multibagger penny stock was trading on the BSE for about ₹6.50 a share on April 9, 2020. This indicates that in almost four years, the price of this penny stock has increased from ₹6.50 to ₹680 a share, giving its positioned owners a return of over 10,350%.
After obtaining an order for power transmission projects worth ₹ 1,241 Cr, infrastructure stock rises by 4%.After obtaining an order for power transmission projects worth ₹ 1,241 Cr, infrastructure stock rises by 4%.
Result for investors: Using the share price history of Transformers and Rectifiers India as a guide, an investor would have made ₹93,000 in this small-cap stock in this period if they had invested ₹1 lakh a month earlier. Six months later, the investor’s ₹1 lakh investment in this small-cap multibagger stock would have increased to ₹1.45 lakh. In the same way, an investor’s ₹1 lakh would have grown to ₹4 lakh today if they had invested ₹1 lakh in this multibagger penny stock a year earlier.
Nevertheless, an investor’s ₹1 lakh would have became ₹1.04 crore if they had engaged in bottom-fishing in this multibagger penny stock during the COVID-19 sell-off in April 2020. But only if the investor had stuck with it at the aforementioned times would this have been feasible.
Shares of Transformers and Rectifiers India may be traded on the BSE and NSE. Now, its market value stands at ₹8,958 crore. With 1,31,520 trades, it concluded on Friday. On the BSE, its 52-week high is ₹845.70 per share, and its 52-week low is ₹142.10 per share.
Disclaimer: The above article is for educational and news purposes, this is not a buying or selling recommendation. TraderPulse recommends that users to check with certified experts before making any investment decisions.
