India's Hind Rectifiers rises on commercial production at new plant

Hirect

10/03/2023 04:51

** Shares of Hind Rectifiers Ltd  HRCT.NS  rise as much as
16.2% to 228 rupees, sharpest intraday pct gain since Dec. 26   
    ** Stock of HRCT hits highest level since Feb. 2, on track
for a third consecutive session of gains
    ** The power electronic equipment maker on Thursday said it
commenced commercial production at its Nashik Plant  urn:newsml:reuters.com:*:nFWN35H0IC
    ** More than 36,000 shares change hands by 10:17 a.m. IST,
6.4x the 30-day avg
    ** Stock trading above 50-day and  200-day simple moving
averages
    ** Stock down 12.1% this year as of last close, extending
losses of ~5.4% in 2022


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))