Multibagger Stock: This power stock has been making a splash for a year, it has increased the money not one or two but five times

New Delhi. After the boom in the stock market in the last few years, investors now have a new question as to where to invest their profits. Almost every sector has given returns. Therefore, now there is more search for such a sector where the right stock can still be found at the right price. If you are also looking for such a profitable sector, then you should invest money in the power sector. BSE POWER Index has increased by 86 percent in the last one year and many stocks of this sector are growing rapidly. Power sector stock, GE T&D India Limited, has made investors rich in just one year and has given a return of about 400 percent in just 12 months. Even on the last trading session i.e. Friday, this multibagger stock closed with an upper circuit of 5 percent.

GE T&D India Limited is the India-listed unit of GE’s Grid Solutions business. The company has recently announced the results for the first quarter of FY25. The company’s revenue and profits have seen a significant increase in the first quarter. The company’s revenue grew by 33.55% to Rs 958 crore. At the same time, the operating profit stood at Rs 182 crore, which is much higher than the same quarter last year. The company’s net profit also stood at Rs 135 crore in the first quarter, which is 380 percent higher on an annual basis.

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Gave multibagger returns in one year
GE T&D India Limited stock has given multibagger returns to investors in the last one year. A year ago, the price of this stock was Rs 350.25, which has now increased to Rs 1719.35. That is, the money has increased five times in just 12 months. If an investor had invested one lakh rupees in this multibagger stock a year ago and had maintained the investment till now, then today he would be getting Rs 491,142. In the last six months itself, the price of this stock has jumped by 97 percent. Whereas in the year 2024, till now GE T&D India Limited stock has given 225 percent return to the investors.

Why is the power sector attractive?

• Strong Growth: The demand for electricity in India is continuously increasing.
• Government support: The government is promoting investment in the power sector.
• New technology: The growing interest in renewable energy is creating new opportunities in this sector.

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any loss you may incur.)

Tags: Business news, Money Making Tips, Multibagger stock, Stock Market