A multibagger stock with a proven track record of increasing shareholder wealth by more than 400% over the past three years.
Fundamentally quality small caps show strong investor appetite as many investors hit a 52-week high at the start of the new year despite volatility in broader markets is shown. One such stock is TD Power Systems (NSE code – TDPOWERSYS), which surged more than 10% amid increasing buying momentum during Tuesday’s trading session.Proven multi bagger Shareholder wealth has increased by more than 400% in the last three years.
Let’s understand what makes this company special.
TD Power System is one of the leading manufacturers of AC generators for various steam, gas, water and wind turbines. The company is also committed to manufacturing special application generators for geothermal and solar thermal applications guaranteed by world-class manufacturing processes and quality control.
Analyzing the basic aspects, the company was able to record an increase in revenue over the past five years. His recent quarterly results showed his net profit for the quarter increased 24 per cent to Rs 199 million in September 2022 from his Rs 1.6 billion in the corresponding quarter of the previous financial year. The debt/equity ratio remained fairly constant, while the efficiency ratio improved.
Technically speaking, the stock has registered a strong price-volume breakout from the downtrend line as more than 25 million shares were trading on Tuesday, indicating strong buying in the stock is active. , the highest volume in recent days. All moving averages are in an uptrend and show bullishness on all timeframes. The 14-day RSI (69.01) is in very bullish territory, indicating strong strength for the stock. It is suitable.
Shares of TDPOWERSYS hit a 52-week high at Rs 143.65 level on the NSE. Long-term investors can keep a close eye on this stock for upcoming trading sessions.