Transformers and Rectifiers (India) up 5% on $22 mln order win

Transformers and Rectifiers (India)

28/03/2023 05:27

** Shares of Trandformers and Rectifiers (India) Ltd
 TRNF.NS  up as much as 5% to 56.70 rupees, their biggest intra
day pct gain in over 3 weeks since March 9, 2023 
    ** Transformers maker says it received orders worth 1.84 bln
rupees ($22.4 mln)
    ** With this order, co's order book as on date stands at
15.55 bln rupees
    ** Over 359,000 shares change hands by 09:55 a.m. IST, 0.7x
the 30-day moving avg
    ** As of last close, stock down 3.3% so far this year,
reversing its 58.2% gains in 2022 



($1 = 82.2050 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))