Transformers & Rectifiers India Surges 5% on ₹166.5 Crore Order Win

Shares of Transformers & Rectifiers India Ltd (TARIL) hit the 5% upper circuit today, reaching ₹402.80, after the company secured orders worth ₹166.5 crore. This significant order win boosted investor confidence, driving the stock to its daily limit. The company, which specializes in power and distribution transformers, has seen its shares surge over 165% in the past year. TARIL's strong order book and recent bonus issue of 1:1 have contributed to its positive market sentiment. With a market cap nearing ₹13,000 crore, TARIL continues to capitalize on the growing demand for high-voltage transformers in India's expanding power sector.

 

Source: Upstox, CNBC TV18