India's Transformers and Rectifiers jumps after order wins

Transformers and Rectifiers (India)

19/12/2023 09:52

** Shares of Transformers and Rectifiers  TRNF.NS  jumps as
much as 7.4% at 198 rupees after co wins orders  
    ** Co, which makes transformers for power and furnaces, gets
orders worth 2.37 bln rupees ($28.50 mln) from state-run Power
Grid Corporation of India  PGRD.NS 
    ** More than 1.4 mln shares traded, 2.5x 30-day avg volume  
  
    ** TRNF last up nearly 3%; co gained more than three-fold
YTD, outperforming peer Voltamp Transformers  VOTL.NS , which
has more than doubled  

($1 = 83.1712 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))