T D Power Systems gains on fund buying

T D Power Systems rose 1.76% at Rs 320.90 at 12:25 IST on BSE after HDFC Trustee Company Ltd HDFC MF Monthly Income Plan Long Term Plan bought 19.94 lakh shares at Rs 315 per share in bulk deals on BSE on Tuesday, 7 October 2014.

Meanwhile, the S&P BSE Sensex was down 79.56 points or 0.3% at 26,192.41.

On BSE, so far 5.16 lakh shares were traded in the counter as against average daily volume of 3.20 lakh shares in the past two weeks.

The stock hit a high of Rs 332.35 and a low of Rs 319 so far during the day.

HDFC Trustee Company Ltd HDFC MF Monthly Income Plan Long Term Plan bought a total of 19.94 lakh shares at Rs 315 per share of T D Power Systems in bulk deals on BSE on Tuesday, 7 October 2014. However, Hitoshi Matsuo sold 10 lakh shares at Rs 315 per share and Saphire Finman Services sold 10 lakh shares at Rs 315.05 per share in bulk deals on BSE on Tuesday, 7 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 manufactureing 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 applications.

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