India's Transformers and Rectifiers rises after order win

Transformers and Rectifiers (India)

26/02/2024 04:44

** Shares of Transformers and Rectifiers  TRNF.NS  rise as
much as 5% to 361.40 rupees    
    **  Co, which makes transformers for power and furnaces,
says it got orders worth 2.32 bln rupees ($28 mln) from
state-run Power Grid Corporation of India  PGRD.NS  
    ** PGRD stock up nearly 2% 
    ** TRNF stock has risen ~56% YTD, outperforming peer Voltamp
Transformers  VOTL.NS , which has gained 36%     

    ($1 = 82.8450 Indian rupees)

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