This transformer manufacturing company receives order worth Rs 123 crore
Shares of this company jumped more than 90 per cent in the last 6 months.
Transformers and Rectifiers (India) Limited (T&R) has received orders of Rs. 123 crore. The company in the exchange filling stated that with this order, the company’s order book till date stands at Rs 1513 crore.
The company also stated that the order falls under the normal course of the business and it doesn’t have any interest in the entities that awarded the orders.
Transformer and Rectifier is a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. T&R as it is more popularly known, is proud to have executed a number of prestigious orders from developed countries such as Canada and the United Kingdom. The company has manufacturing facilities at Changodar, Ahmedabad and Odhav.
Today, the stock opened at Rs 55.00, with a high and low of Rs 57.65 and Rs 54.50. The stock previously closed at Rs 55.15. It closed the trading session at Rs 56.75, up by 2.90 per cent.
In the last six months, the shares of the company have given more than 90 per cent returns and on YTD basis, the stock has given about 50 per cent returns.
The stock has a 52-week high of Rs 67.15 and a 52-week low of Rs 25.10. The company has a ROCE of 10.4 per cent and an ROE of 4.01 per cent with a market capitalisation of Rs 752.30 crore.