Transformers & Rectifiers India Ltd Hits All-Time High, Shows Impressive Growth in Market

Transformers & Rectifiers India Ltd (TRIL) has reached an all-time high on November 11, 2024, with its stock price hitting Rs.1050. This midcap company in the capital goods industry has been gaining momentum in the market, with MarketsMOJO giving it a 'Buy' call. It has also been recognized as part of the Hidden Turnaround and Reliable Performers on MarketsMOJO since April 8, 2024, and August 23, 2024, respectively. The stock has outperformed the sector by 2.44% today and has been on a consecutive gain for the last four days, with a 10.55% increase in returns during this period. It opened with a gap up of 2.44% and touched an intraday high of Rs.1050. The stock has been trading at this price since the opening, indicating a strong hold in the market. Transformers & Rectifiers India Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing its strong performance in the market. In the past year, the company has shown an impressive growth of 470.77%, while the Sensex has only grown by 21.88%. With its stock reaching an all-time high and consistent positive performance, Transformers & Rectifiers India Ltd is definitely a company to watch out for in the capital goods industry. Investors can consider adding this stock to their portfolio for potential growth and returns.