Buy Transformers; target of Rs 270: SKP Securities

SKP Securities is bullish on Transformers and Rectifiers India and has recommended buy rating on the stock with a target of Rs 270 in its September 30, 2011 research report.

October 01, 2011 / 11:36 IST

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SKP Securities is bullish on Transformers and Rectifiers India and has recommended buy rating on the stock with a target of Rs 270 in its September 30, 2011 research report.

Transformers & Rectifiers (India) Ltd (TRIL) is one of the leading manufacturers of power transformers with the market share of around 8%. It also manufactures industrial transformers such as furnace transformers and rectifier transformers. Majority of its revenues come from dominant power sector transformers. TRIL has recently commissioned its Moraiya facility (Gujarat), which enables it to manufacture transformers up to 1,200 kv class.

first published: Oct 1, 2011 11:09 am

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