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TARIL Transformers and Rectifiers (India) News Story

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in flag iconLast trade - 00:00
IndustrialsHighly SpeculativeMid CapMomentum Trap

India's Transformers and Rectifiers slips after quarterly profit fall

** Shares of Transformers and Rectifiers (India) TRNF.NS fall as much as 11.5% to 295 rupees, last down 9%

** Stock set for its worst day in more than three months, if losses hold

** Power equipment maker's Q4 profit falls 5.2% Y/Y; rev from ops rises ~16%

** Over 9.8 mln shares traded so far, 2.2x the 30-day avg

** Stock up 6.9% YTD

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

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