India's Transformers and Rectifiers rises on $14 mln order win

Transformers and Rectifiers (India)

20/12/2023 04:52

** Shares of Transformers and Rectifiers  TRNF.NS  rose as
up 5.4% to 200 rupees
    ** Co, which makes transformers for power and furnaces,
receives orders worth 1.18 bln rupees ($14.2 mln)
    ** Stock extends rally from Tuesday after it rose as much as
7.4% on a separate order win  
    ** TRNF set to post its biggest ever yearly gains  
    ** Stock has more than tripled in 2023, outperforming peer
Voltamp Transformers  VOTL.NS , which has more than doubled


($1 = 83.1500 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))