T D Power spurts to record high

T D Power Systems spurted 17.35% at Rs 391.25 at 10:39 IST on BSE after HDFC TCL A/C HDFC Prudence Fund bought 2.50 lakh shares at Rs 325 per share in a bulk deal on NSE on Thursday, 9 October 2014.

Meanwhile, the S&P BSE Sensex was down 276.68 points or 1.04% at 26,360.60.

On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 4.16 lakh shares in the past two weeks.

The stock hit a high of Rs 392.95 so far during the day, which is a record high for the counter. The stock hit a low of Rs 334 so far during the day. The stock had hit a record low of Rs 175.40 on 28 October 2013.

HDFC TCL A/C HDFC Prudence Fund bought 2.50 lakh shares of T D Power Systems at Rs 325 per share in a bulk deal on NSE on Thursday, 9 October 2014. However, Nikhil Kumar sold 3.75 lakh shares at Rs 325.06 per share on NSE in a bulk deal on Thursday, 9 October 2014.

T D Power Systems reported a consolidated net loss of Rs 9.24 crore in Q1 June 2014 as against net profit of Rs 5.17 crore in Q1 June 2013. Total income from operations rose 19.02% to Rs 86.39 crore in Q1 June 2014 over Q1 June 2013.

T D Power Systems is engaged in the manufacturing of AC generators with output capacity in the range of 1 MW to 200 MW for prime movers, such as steam turbines, hydro turbines, diesel engines, wind turbines, gas engines and gas turbines. The company also manufactures special application generators, and generators for geo thermal and solar thermal application.

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