Transformers and Rectifiers India rises on orders worth $14 mln

Transformers and Rectifiers (India)

29/08/2024 05:16

** Shares of Transformers and Rectifiers (India)  TRNF.NS 
up 1.3% to 729.85 rupees
    ** Power transformers-maker says it received orders worth
$14 mln from Linxon Global Sweden
    ** Stock set to end three-day losing run
    ** However, it is on track to end August with a decline
after five months of gains
    ** TRNF up 3.2x YTD, vs ~72% climb in rival Siemens
 SIEM.NS 

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))