TD Power Systems reverses two-day slide

TD Power was up 2.6% to Rs 202.95 at 14:36 IST on BSE, with the stock reversing two-day slide on bargain hunting.

Meanwhile, the S&P BSE Sensex was up 106.28 points or 0.32% at 33,029.40. The S&P BSE Small-Cap index fell 0.09%, underperforming the Sensex.

On the BSE, 1.17 lakh shares were traded on the counter so far as against the average daily volumes of 21,121 shares in the past one quarter. The stock had hit a high of Rs 204.70 and a low of Rs 197.80 so far during the day. The stock had hit a 52-week high of Rs 271 on 15 May 2017 and a 52-week low of Rs 170.35 on 15 December 2017.

The small-cap company has equity capital of Rs 33.24 crore. Face value per share is Rs 10.

Shares of TD Power Systems had fallen 6.8% in the previous two trading sessions to settle at Rs 197.80 yesterday, 19 March 2018, from its close of Rs 212.25 on 15 March 2018.

Meanwhile, latest bulk deal data showed that India Value Fund IV sold 3.48 lakh shares of TD Power Systems at Rs 201.01 per share in a bulk deal on the BSE yesterday, 19 March 2018. It offloaded 2.52 lakh shares at Rs 201.05 per share in a bulk deal on the NSE yesterday, 19 March 2018. India Value Fund IV held 3.67% stake end December 2017.

On a consolidated basis, TD Power Systems reported net loss of Rs 2.06 crore in Q3 December 2017, compared with net loss of Rs 11.57 crore in Q3 December 2016. Net sales rose 46% to Rs 93.64 crore in Q3 December 2017 over Q3 December 2016.

TD Power Systems is engaged in manufacturing of alternating current (AC) generators and electric motors.

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