Transformers And Rectifiers (India) surges 10% on $32 mln order win

Transformers and Rectifiers (India)

03/01/2022 04:31

** Shares of transformers maker  TRNF.NS  rise as much as
10.1% to 38.85 rupees
    ** Co says it won orders worth 2.35 bln rupees ($31.60
million) from Gujarat Energy Transmission Corp  urn:newsml:reuters.com:*:nFWN2TF0M1
    ** About 1 mln shares change hands in early trade vs the
30-day avg of 650,949
    ** TRNF shares recorded their third straight annual gain in
2021, rising 9.4% 


($1 = 74.3710 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))