Multibagger tracker! This TVS Group stock turns Rs 10,000 into Rs 1 lakh in 10 years
TVS Electronics, an electronic products and warranty solutions company, has seen a robust rally in the last 10 years, rising as much as 1,065%.
Accordingly, if an investor had pumped Rs 10,000 into the stock four years ago and stayed put, the investment would have jumped to 1 lakh, according to an analysis by ET Markets.
However, in the recent past, the rally has whittled down a bit. For instance, in the last six months, the shares rose just over 5% and are down about 4% on a year-to-date basis. Despite a recent dip in performance, analysts see a rebound for the stock in the medium term.
TVS Electronics operates through two business verticals — products and solutions group and customer support services.
The products and solutions group (PSG) offers comprehensive designing, manufacturing, assembling, marketing, selling, and servicing of various transaction automation products, such as dot matrix printers, thermal receipt printers, label printers, mobile printers, mechanical keyboards, membrane keyboards, mouse, barcode scanners, currency counters, handheld devices, among others.
Meanwhile, the customer support services (CSS) addresses the customer support needs of both original equipment manufacturers (OEMs) and end-customer services, which includes break-fix solutions, repair engineering, installation assistance, product demonstrations, protection plans, IT infrastructure management, remote technical support, call centre services, and e-waste management, among various other services.
According to the
