There are multiple reasons for such a mixed situation in the stock market today. But most of the root causes are global. Just as Indian markets were jittery on fears of a rate hike by the US Federal Reserve, Indian stock market indices were also on the rise due to China’s Covid-19 fears.
In such a scenario, investors want to invest in stocks that are somewhat stable. In that case, the stock that experts are watching is Transformers And Rectifiers (India) Ltd. This stock has given investors hand full returns in the last one year as well. Experts hope that now the investors can get profit from the investment. This stock has given almost 100 percent return in last 1 year.
If we look at the stock’s recent performance, the stock has returned 131 percent in the last 6 months so far. This means if a person had invested Rs 1 lakh in this stock 6 months ago, that investment would have grown to Rs 2.31 lakh today.
Transformers And Rectifiers (India) Ltd. A company that is currently one of the leading transformer manufacturing companies in the country. Currently, the company said, they have started to gradually target markets like Middle East, Russia, Africa. Besides, the company has also made it clear that the company aims to earn more from America. As claimed by the company, their transformers are essentially hydrogen powered. As a result, they hope to be able to further increase the capacity of their existing plants.
Note: In stock market Investment is always risky, profits are not guaranteed. Information obtained through various brokerage houses is mentioned in this report. One should seek expert advice and exercise one’s own judgment in investing. This report is published for information only.