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TRIL advances after winning order

Capital Market 

and Rectifiers (India) rose 2.36% to Rs 34.75 at 11:20 on BSE, with the stock extending previous session's 3.66% gains triggered by winning order.

Meanwhile, the S&P Sensex, was down 116.75 points, or 0.36%, to 32,752.97. The S&P Small-Cap index, was down 80.02 points, or 0.45%, to 17,844.35, underperforming the Sensex.

More than usual volumes were witnessed on the counter. On the BSE, 99,383 shares were traded in the counter so far, compared with average daily volume of 48,648 shares in the past one quarter. The stock had hit a high of Rs 35.30 and a low of Rs 34.55 so far during the day. The stock had hit a 52-week high of Rs 47.59 on 13 April 2017. The stock had hit a 52-week low of Rs 29.11 on 11 August 2017.

The stock had outperformed the market over the past one month till 4 December 2017, gaining 3.98% compared with the Sensex's 2.42% decline. The stock had also outperformed the market over the past one quarter, advancing 7.57% as against the Sensex's 3.68% rise. The scrip had, however, underperformed the market over the past one year, dropping 2.22% as against the Sensex's 25.31% rise.

The small-cap company has equity capital of Rs 13.26 crore. Face value per share is Re 1.

and Rectifiers (India) had announced that it has received order for 15 units of amounting to Rs 127 crore from Power Grid Corporation of The company said that with this order, its order book as on date stands at around Rs 937 crore. The announcement was made after market hours on Friday, 1 December 2017. The stock had gained 3.66% to Rs 33.95 yesterday, 4 December 2017, following the announcement.

TRIL's net profit slumped 71.9% to Rs 2.81 crore on 37% drop in net sales to Rs 165.80 crore in Q2 September 2017 over Q2 September 2016.

TRIL manufactures a wide range of for the domestic and the international market.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 11:22 IST
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