Transformers & Rectifiers India Ltd (TRIL) Hits All-Time High, Gains Positive Momentum in Capital Goods Industry

Transformers & Rectifiers India Ltd (TRIL) has reached an all-time high on November 2, 2024, with its stock price hitting Rs.952.7. This midcap company in the capital goods industry has been gaining positive momentum, with MarketsMOJO giving it a 'Buy' call. TRIL has also been recognized as part of the Hidden Turnaround and Reliable Performers on MarketsMOJO since April and August of 2024, respectively. In today's trading, TRIL underperformed the sector by -1.2%, but still opened with a gain of 2.2%. The stock also touched an intraday high of Rs.952.7, showing a 3.14% increase. However, it has fallen after two consecutive days of gains, indicating a possible trend reversal. TRIL's performance over the past year has been impressive, with a 443.43% increase compared to the Sensex's 24.81% performance. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. With its strong performance and consistent growth, Transformers & Rectifiers India Ltd is a company to watch out for in the capital goods industry. Investors can consider adding this stock to their portfolio for potential long-term gains.