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Shares have emerged as one of the standout multibagger stocks in the Indian stock market in recent years. This mid-cap stock witnessed a remarkable rebound post-COVID, with its share price on NSE soaring from ₹6.30 per share in May 2020 to ₹626.50 per share as of Tuesday, marking an impressive increase of nearly 100 times over four years.
In terms of TRIL’s share price history, the stock has shown significant upward momentum. Within one month, it surged from approximately ₹415.50 to ₹720 per share on NSE, delivering a robust return of about 65% to its shareholders. Year-to-date, TRIL has seen its stock price rise from around ₹238 to ₹720 per share, reflecting a substantial gain of over 160% in 2024 alone. Over the last six months, TRIL’s share price has escalated from roughly ₹161 to ₹720 per share, indicating a remarkable increase of nearly 300% during this period. Looking back one year, the stock has surged from ₹67.30 to ₹720 per share, translating to an impressive growth of around 870% over the year.
During the height of the COVID pandemic, TRIL’s share price hit its low point at ₹6.30 per share in May 2020. Since then, it has demonstrated exceptional growth, culminating in its current valuation of ₹626.50 per share on Tuesday, underscoring its status as a multibagger stock that has multiplied investors’ wealth significantly over the past four years.
Investors who capitalized on TRIL’s growth trajectory have seen remarkable returns. For instance, an investment of ₹1 lakh made one month ago would have grown to ₹1.50 lakh today. Similarly, an investment made at the end of 2023 would now be valued at ₹2.60 lakh, while an investment six months ago would have grown to ₹4 lakh. Notably, an investment made one year ago would have increased to ₹9.50 lakh, highlighting the substantial wealth creation potential of this multibagger stock. Moreover, investors who seized the opportunity during the COVID sell-off could have turned ₹1 lakh into an impressive ₹1 crore by staying invested in TRIL throughout this transformative period.
Transformers and Rectifiers India Ltd trades on both NSE and BSE, boasting a market cap of ₹8,313 crore as of Tuesday’s close. The stock’s robust trading volume on NSE underscores its active investor interest, with a 52-week low of ₹63.05 per share.
