India's TD Power Systems jumps on 180-mln-rupee order win

TD Power Systems

21/10/2024 08:44

** Shares of motors and generators maker TD Power Systems
 TDPS.NS  rise as much as 5.5% to 427 rupees; last up 2.1% 
    ** Co gets initial order worth 180 mln rupees ($2.1 mln) for
supply of traction motors to the European market as part of a
5-year contract
    ** Co expects total business volume of around 3 bln rupees
from the contract
    ** Stock above its 200-day SMA since March, indicating
bullish sentiment
    ** More than 575,000 shares traded, 1.3x 30-day moving avg
    ** Stock extends YTD gains to ~59%, while peer BGR Energy
Systems  BGRE.NS  is down ~56% YTD


($1 = 84.0675 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))