Shares of Transformers and Rectifiers (India) Ltd surged 20 per cent after the company got a Rs 126-crore order from Power Grid Corporation of India.
Intra-day, shares zoomed 20 per cent to an upper price band at Rs 8.37 and settled 8.17 per cent higher at Rs 7.55 on the BSE.
Similar trends were seen on the National Stock Exchange. The stock jumped 19.65 per cent to Rs 8.25 and closed with a gain of 8.70 per cent at Rs 7.50.
"Transformers and Rectifiers (India) Ltd has been awarded the order for 21 No. of transformers amounting to Rs 126 crore from Power Grid Corporation of India Limited. With this order, the company's order book as on date stands around Rs 1,001 crore," the company said in a BSE filing on Wednesday.
Transformers and Rectifiers (India) Ltd, incorporated in 1994, is a major transformer manufacturer.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app