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TARIL — Transformers and Rectifiers (India) News Story

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IndustrialsSpeculativeMid CapMomentum Trap

India's Transformers and Rectifiers hits lower circuit after quarterly profit slump

** Shares of Transformers and Rectifiers (India) TRNF.NS fall an exchange-allowed maximum of 20% to 313.55 rupees

** Power equipment maker's Q2 profit falls 25% Y/Y hurt by higher costs and fewer orders; rev growth flat

** Over 2.5 mln shares traded so far, 3.6x the 30-day avg

** Stock down 45% YTD

 (Reporting by Aleef Jahan)

 ((aleefjahan.cs@thomsonreuters.com))

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