Transformers and Rectifiers shares rose 9 per cent on bagging orders worth ₹390-crore from Gujarat Energy Transmission
The upward movement in the Transformers and Rectifiers (India) share price came after the company announced that the World Bank has removed its name from the list of Debarred Firms and Individuals
Transformers and Rectifiers delivered a lackluster performance with decline in profitability and the soft performance may push the company's growth plans, fear analysts at ICICI Securities.
On an average, Suzlon and Transformers and Rectifiers (India) have delivered 48 per cent and 52 per cent gain in the last 5 December quarters, shows historical data.
At 02:40 PM, shares of Transformers & Rectifiers were trading at ₹516.50, up by 4.81 per cent on the National Stock Exchange.
The contribution of small-caps to the overall market-cap has grown 1.4 times over the last three years, the Bajaj Finserv AMC note said.