This semi-conductor and equipment firm's performance is being driven by the growth of Indian Railways

The open price of the company was Rs 250, a 10 per cent increase from the previous close

Shares of Hind Rectifiers are buzzing on bourses despite a weak market. The volume of the stock surged by more than 5.10 times on BSE. The 52-week high for the stock is Rs 286 and the 52-week low is Rs 152.

Customers such as Indian Railways and Bharat Heavy Electricals Ltd (BHEL) are catered to by the company, resulting in repeat orders and a rise in revenue. The railway industry accounts for 70 per cent of the company's revenue, and growing competition and a slowdown in the railway sector may hinder the company's growth.

The stock's ROE and ROCE are 7.51 per cent and 10.1 per cent, respectively and the price-to-earnings ratio is 106x. The three-year CAGR for revenue is 13 per cent and TTM revenue is Rs 371 crore, its operating profit is Rs 17 crore, and its net profit is only Rs 4 crore. In FY22, raw materials accounted for 78 per cent of the expense as a percentage of sales. In FY22, the company generated Rs 36 crore from CFO. The market cap of the company is Rs 410 crore.

Incorporated in April 1958, Hind Rectifiers Ltd principally develops, designs, manufactures and markets Power Semiconductors, Power Electronic, and Railway Transportation equipment.

The company offers comprehensive design, production, and support solutions for power electronic equipment used in aviation, electricity, telecommunications, and various industrial plants. It produces Active Harmonic Filters, Constant Current Regulators, Water Cooled Rectifiers, and Thyristor-Controlled Rectifiers, among other products.