India's Hind Rectifiers surges on higher quarterly profit

Hirect

06/05/2025 08:07

** Shares of Hind Rectifiers HRCT.NS jump as much as 9.9% to 1,029 rupees, last up 2.5%

** Power equipment maker's Q4 consol PAT grew 96% Y/Y on strong order book, driven by railway segment

** Separately, co reviewed a facility in Maharashtra state with 520 million rupees investment; approved land acquisition worth 500 million rupees

** Stock set to log busiest trading session since mid-October; volumes at 8.6x the 30-day avg

** At current price, HRCT down ~22% since reporting Q3 results

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))