Transformers and Rectifiers shares were locked at 5 percent upper circuit in the early trade on May 24 after the company won domestic and export orders worth Rs 359 crore.
At 09:19am, Transformers and Rectifiers India's shares were were quoting at Rs 619.60 apiece, up 5 percent, on the BSE.
There were pending buy orders of 24,356 shares, with no sellers available.
The company has received three orders worth Rs 359 crore, including an export order of transformers worth Rs 161 crore from AL Anwaar International. Additionally, it has bagged an orders of transformers worth Rs 198 crore from Adani Group.
The export order included "T&R” MAKE 90 MVA, 132/33 KV Transformer with Fittings and Accessories and the entire work shall be completed by February 2025.
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The domestic orders included first order worth Rs 179 crore from Adani Group, for designing, engineering, manufacture, testing at manufacturers works, supply, freight, ETC of 6 Nos of 500 MVA 400 kV Transformers; 3 no of 125 MVAR 400 kV reactors and 16 unit transformers.
The entire work shall be completed within 18 months from date of issue of notification of award.
The other domestic order of transformers for total contract value of Rs 19 crore from L&T Group for designing, engineering, manufacture, testing at manufacturers works, supply, freight, ETC of 1 no of 250MVA Transformers.
The entire work shall be completed within 15 months from date of issue of notification of award.
The share touched 52-week high of Rs 766.20 and a 52-week low of Rs 75.44 on 24 April, 2024 and 24 May, 2023, respectively.
Currently, the stock is trading 19.13 percent below its 52-week high and 721.31 percent above its 52-week low.
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