Transformers and Rectifiers (India) hits record high on Q4 profit surge

Transformers and Rectifiers (India)

09/04/2024 05:11

** Transformers and Rectifiers (India)  TRNF.NS  jumps an
exchange-allowed maximum of 5% to record high of 498.20 rupees
    ** Stock set for 12th straight day of gains, hitting 5%
upper circuit in 8 of them
    ** Co's consol profit surges over four-fold, while rev from
ops increases ~17%
    ** Over 117k shares traded in first 15 mins of the session,
already 0.6 times the 30-day avg
    ** Including session's gains, shares up over 115% YTD 



($1 = 83.2350 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))