Hind Rectifiers can test Rs 120-130: Rajen Shah

Hind Rectifiers can test Rs 120-130, says Rajen Shah, CIO, Angel Broking.

Shah told CNBC-TV18, "Hind Rectifiers is a very low profile, 50 year old Bombay-based company. It is into semiconductors, rectifiers, inverters and transformers. It is a small company. The turnover this year would be about Rs 130 crore. The interesting thing is that about 50% of its turnover comes from railways and 50% comes from infra and various industries. Infra has slowed down significantly, and that should have impacted the company