TD Power Systems zooms 87% in 3 weeks on strong outlook, hits 3-year high

The management said we are seeing very strong demand from export markets, as well as a very significant pickup of order booking and sales in the domestic market

Shares of TD Power Systems (TDPS) were locked in the upper circuit of 20 per cent at Rs 349.40, hitting a three-year high on the BSE in Thursday's session amid expectations of strong earnings growth going forward. The stock was trading at its highest level since May 2015. It had hit a record high of Rs 479 on December 30, 2014.

The trading volumes on the counter more-than-doubled with a combined 958,054 equity shares having changed hands on the NSE and BSE so far. There were a combined pending buy orders for 206,916 shares, the exchanges data shows.

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