Transformers & Rectifiers India Ltd (TRIL) has been making waves in the capital goods industry with its impressive performance. On October 31, 2024, the company’s stock price reached a 52-week high, indicating a positive trend for the company.
According to MarketsMOJO, a leading stock market analysis platform, TRIL’s stock is currently rated as a ‘Buy’. The company has also been recognized as a part of the Hidden Turnaround and Reliable Performers categories on MarketsMOJO since April 8, 2024 and August 23, 2024 respectively.
TRIL’s stock is currently trading at a price that is 1.35% away from its 52-week high of Rs 900. Despite underperforming the sector by -1.37% today, the stock has been on a consecutive gain for the last 3 days and has risen by 5.13% in this period. The stock also touched an intraday low of Rs 860.75, but has been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
The capital goods sector has also seen a positive trend, with a gain of 3.03%. In comparison, TRIL’s performance in the last year has been exceptional, with a growth of 439.96% as compared to the Sensex’s performance of 24.89%.
With its consistent growth and impressive performance, TRIL is definitely 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.
