Various funds bought stakes in Transformers & Rectifiers after promoter Jitendra Mamtora sold 2.7 million shares
The Transformers and Rectifiers (India) Ltd share soared after the company announced that it has secured an order worth Rs 565 crore from Power Grid Corporation of India.
The surge in the company's share price came after the company received an order worth Rs 114 crore from RRVPNL.
In the past one year, shares of Transformers and Rectifiers India have gained 481 per cent, compared to the Nifty 50's rise of nearly 28 per cent during the same period.
A sharp rally in the mid-cap and small-cap stocks are on back of strong inflow from the domestic institutional investors (DIIs)
Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe