Multibagger small-cap stock: Indo Tech Transformers surges 1,200% in 2 years, over 2,400% in 4 years. Do you own?
Live MintMultibagger Small-Cap Stock: Companies in the transmission and distribution sector have seen their stock values soar exponentially in recent years, driven by several factors such as rising government capex, capacity additions in power plants in India and globally amid a strong rise in power demand, and major infrastructure developments. One of the standout performers has been Indo Tech Transformers, a leading transformer manufacturing company, which has consistently delivered stellar returns by breaking record highs with each passing year. Indo Tech Transformers manufactures power, distribution, inverter, and converter special application transformers, catering to various industries such as transmission, generation, hydro, wind, solar, steel, cement, textiles, utilities, and DISCOMs. This, in turn, has fueled the expansion of electricity generation, transmission, and distribution infrastructure, driving increased demand for power and distribution transformers in recent years and expected to continue in the coming years as well.
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