India's Hind Rectifiers up on $24 mln order win

Hirect

27/02/2024 04:02

** Shares of Hind Rectifiers  HRCT.NS  up 9.6% at 615.85
rupees
    ** Power electronics equipment maker said it won orders
worth more than 2 bln rupees (~$24 mln) from Indian Railways 
    ** Stock on track to snap four-day losing streak 
    ** HRCT set for best day since Nov. 16, 2023, if trend holds
    ** Stock's 2.4x annual gain in 2023 is its best yearly rise
since listing in 1996; up 4.1% so far this year

($1 = 82.8700 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))