Transformers and Rectifiers heads north after bagging order

Transformers and Rectifiers (India) gained 4.12% to Rs 34.10 at 11:16 IST on BSE after the company announced that it has received order for 15 units of transformers amounting to Rs 127 crore from Power Grid Corporation of India.

Transformers and Rectifiers (India) (TRIL) 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.

Meanwhile, the S&P BSE Sensex, was up 113.10 points, or 0.34%, to 32,946.04. The S&P BSE Small-Cap index, was up 19.24 points, or 0.11%, to 18,036.72, underperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 1.42 lakh shares were traded in the counter so far, compared with average daily volume of 44,607 shares in the past one quarter. The stock had hit a high of Rs 34.50 and a low of Rs 33.10 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 1 December 2017, gaining 8.44% compared with the Sensex's 2.28% decline. The stock had, however, underperformed the market over the past one quarter, advancing 1.11% as against the Sensex's 2.95% rise. The scrip had also underperformed the market over the past one year, dropping 7.67% as against the Sensex's 23.62% rise.

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

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 transformers for the domestic and the international market.

Powered by Capital Market - Live News