Keep an eye on this stock, which was locked in the upper circuit on November 30

Kiran Shroff
/ Categories: Trending, Mindshare
Keep an eye on this stock, which was locked in the upper circuit on November 30

Today, the stock of this company was locked at 20 per cent at Rs 92.75.

One of the Top Gainers on the BSE today, shares of RTS Power Corporation Ltd surged and reached an upper price band of Rs 92.75 per share, after being locked in the 20 per cent upper circuit. Shares also traded at a new 52-week high of Rs 92.75. Additionally, the company's stock price has risen dramatically and has made consecutive upper circuits over the past trading sessions.    

In comparison to Q2FY22, when the net profit was Rs 2.09 crore, it increased to Rs 3.85 crore or 84.21 per cent in Q2FY23, according to the company's quarterly consolidated financial figures. The company has an ROE of 0.80 per cent, a ROCE of 3.96 per cent and a PE multiple of 12.86. Thus, the increase in the stock price is mainly due to the good numbers that the company announced in quarterly and annual financial statements and hence is witnessing some fresh buying.  

RTS Power Corporation Ltd is engaged in the manufacturing and sale of power & distribution transformers, cables, indispensable equipment for the generation, transmission and distribution of electricity. Today, the shares of RTS Power Corporation Ltd saw a spurt in volume by more than 23 times on BSE.    

The stock is up by 53.05 per cent in six months while BSE Sensex is up by 13.95 per cent in six months. Investors must keep this stock on their watch list.  

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1 comments on article "Keep an eye on this stock, which was locked in the upper circuit on November 30"

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Vijay Kumar Jain

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