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Shares of Transformers and Rectifiers (India) Ltd gained over 3% immediately after {the electrical} tools maker mentioned it acquired orders price Rs 219 crore from Energy Grid Company of India. It additionally gained a Rs 237 crore order from Energy Grid on December 19. The corporate mentioned on Tuesday it acquired orders for whole contract worth of Rs 118 crore from Uttar Pradesh Energy Transmission Company. It has gained orders price Rs 574 crore in two days.
tril-share-price-364126″>Transformers and Rectifiers inventory gained 3.33% to Rs 190.35 towards the earlier shut of Rs 184.20 on BSE. Market cap of the agency rose to Rs 2.15 lakh crore. The multibagger energy inventory has gained 113% in six months and risen 238% this 12 months. In two years, the inventory zoomed 564%.
Within the present session, whole 1.48 lakh shares of Transformers and Rectifiers modified palms amounting to a turnover of Rs 2.79 crore on BSE. Transformers and Rectifiers shares have a beta of 0.1, indicating very low volatility in a 12 months.
By way of technicals, the relative power index (RSI) of Transformers and Rectifiers inventory stands at 46.8, signaling it is buying and selling neither within the overbought nor within the oversold zone. Transformers and Rectifiers shares are buying and selling increased than the 5 day, 10 day, 50 day, 100 day, 150 day, 200 day however decrease than the 20 day and 30 day shifting averages.
The order pertains to designing, engineering, manufacture, testing at producers works and provide of 13 Nos of 110 MVAR, 765kV, 1-Section Reactors, 2 Nos of 125 MVAR 420kV, 3-Section Reactor, 6 Nos of 110 MVAR 765kV, 1-Section Reactors together with all becoming, equipment for full execution and native transportation, in transit insurance coverage, loading and importing & set up companies.
The work associated to the order shall be accomplished inside 15 months from date of subject of notification of award, mentioned the agency.
Transformers and Rectifiers logged a consolidated income of Rs 258.1 crore within the second quarter of this fiscal towards a revenue of Rs 309.3 crore within the year-ago interval. Internet revenue fell to Rs 1.6 crore through the September quarter of 2023-24 monetary 12 months from Rs 11.5 crore within the corresponding interval of the earlier 12 months.
Transformers and Rectifiers (India) Restricted manufactures energy, furnace, and rectifier transformers. The corporate is a producer of a variety of transformers, which gives to each the home and the worldwide market. The corporate gives a variety of energy transformers from medium to ultra-high voltage (1200 kV AC) and from small (5 MVA) to massive energy scores (500 MVA).
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