Transformers and Rectifiers inches up on mulling fund raising proposals

Transformers and Rectifiers (India) rose 0.85% to Rs 348 at 15:22 IST on BSE after the company said it has scheduled a board meeting on 25 July 2016, to consider raising funds through issue of securities through QIP or preferential allotment.

The announcement was made during market hours today, 18 July 2016.

Meanwhile, the S&P BSE Sensex was down 87.03 points or 0.31% at 27,749.47.

On BSE, so far 8,897 shares were traded in the counter as against average daily volume of 13,538 shares in the past one quarter. The stock hit a high of Rs 367.70 and a low of Rs 342.50 so far during the day. The stock had hit a 52-week high of Rs 387.90 on 27 May 2016. The stock had hit a 52-week low of Rs 162 on 25 August 2015. The stock had underperformed the market over the past one month till 15 July 2016, sliding 1.81% compared with Sensex's 4.15% rise. The scrip had, however, outperformed the market in past one quarter, advancing 28.75% as against Sensex's 8.62% rise.

The small-cap company has equity capital of Rs 13.26 crore. Face value per share is Rs 10.

Transformers and Rectifiers (India)'s net profit spurted 1209.8% to Rs 10.74 crore on 52.7% growth in net sales to Rs 247.13 crore in Q4 March 2016 over Q4 March 2015.

Transformers & Rectifiers (India) manufactures a wide range of transformers for the domestic and the international market.

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