RIR Power Electronics stock surges 1,986% in 11 years

RIR Power Electronics shares rose 5% on March 17, reaching ₹2,086.75 on the Bombay Stock Exchange. The stock has increased by 1,986% since 2014, turning an investment of ₹1 lakh into ₹2.26 crore over 11 years. In the past five years, the stock surged 6,631.45%, but it has dropped over 40% in the last six months. Despite this, it gained more than 10% in the past month, although it is down 30.88% year-to-date. The company reported a 36.5% increase in revenue for Q3 FY2024-2025, totaling ₹20.42 crore. Recently, the Odisha Cabinet approved a ₹618.60 crore incentive package for RIR to build India's first silicon carbide semiconductor facility in Bhubaneswar.