Select brokerage firms continue to remain positive on Transrail Lighting (TLL), as hinted by their initiation reports, which made its Dalal Street debut in December 2024. Brokerage firms see a strong upside potential in the stock, making its a multibagger from its IPO price in the coming days. Advertisement

Transrail Lighting offered its shares at Rs 432 apiece, during its IPO in December last year. The company raised a total of Rs 838.91 crore via IPO and the stock settled at Rs 739 on Thursday, falling 1.48 per cent. The stock is 71 per cent above its IPO price. However, it hit 52-week high of Rs 855.40 in August 2025, rising 98 per cent from its IPO price.

LKP Securities initiated coverage with a 'buy' citing the company’s strong order book and ongoing expansion. The company operates

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