This power stock has been making waves since last year, the money increased not by two but by five times.

New Delhi. After the boom in the stock market over the past few years, a new question for investors is where to invest their profits. Almost every sector has received returns. Therefore, there is now a greater search for a sector where the right part can still be found at the right price. If you are also looking for such a profitable sector then you should invest in power sector. The BSE Power Index has gained 86% in the past one year and many stocks in this sector are rising rapidly. GE T&D India Limited, a share in the power sector, has made investors rich in just one year and has returned nearly 400 percent in 12 months. In the last trading session i.e. on Friday also this multi-beagger stock closed with an upper circuit of 5 percent.

GE T&D India Limited is the India registered unit of GE’s Grid Solutions business. The company recently announced the results for the first quarter of FY25. The company has seen a significant increase in revenue and profit in the first quarter. The company’s revenue rose 33.55 percent to Rs 958 crore. At the same time, the operating profit was 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, up 380 percent on a year-on-year basis.

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Multi-bagger returns given in one year.
Shares of GE T&D India Ltd have given investors multi-bagger returns in the past one year. A year ago the price of this share was Rs 350.25 which has now increased to Rs 1719.35. That means the amount has increased five times in just 12 months. If an investor had invested Rs 1 lakh in this multibagger share a year ago and had maintained the investment till now, he would have got Rs 491,142 today. The share price has increased by 97% in the last six months alone. Whereas in the year 2024, till now GET&D India Limited has given a return of 225% to the share investors.

Why is the power sector attractive?

• Strong growth: The demand for electricity in India is continuously increasing.
• Government support: Government is promoting investment in 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 share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

Tags: business news, Money making tips, Multi bagger stock, Stock market