Transformers & Rectifiers Soars: 5% Upper Circuit for Two Consecutive Sessions Following Major Order Announcement

Transformers & Rectifiers (India) Ltd shares hit a 5% upper circuit for the second consecutive session, reaching Rs 385.8 on NSE. The surge follows the company's announcement of securing a Rs 166.45 crore order from Hyosung T&D India for single-phase coupling transformers. This order, scheduled for delivery in the next financial year, boosted investor confidence. The company's recent performance, including a 250% YoY jump in Q3FY25 net profit to Rs 55.48 crore and a 51% YoY increase in revenue to Rs 559.4 crore, has contributed to its multibagger status. The stock has gained over 190% from its 52-week low of Rs 152.05 in March 2024.

 

Source: Business Standard