The acquisition helps establish a European base for EMS, Robotics and Power Electronics manufacturing for Hind Rectifiers, along with a 'strategic manufacturing base' in Europe.
Stocks to Watch, 30 June: Stocks like Torrent Pharmaceuticals, JB Chemicals and Pharmaceuticals, Jyoti CNC Automation, BHEL, Alembic Pharma, Waaree Energies, Prestige Estates Projects, Bharti Airtel, Le Lavoir, Reliance Industries, and Hind Rectifiers will be in focus on June 30.
Stocks to Watch, 06 May: Stocks like Computer Age Management Services, Bombay Dyeing & Manufacturing Company, Zee Media Corporation, Jammu & Kashmir Bank, Prataap Snacks, Hind Rectifiers, Cigniti Technologies, Coforge, Indian Energy Exchange, Paras Defence and Space Technologies, and IRCON International will be in focus on May 6.
Hind Rectifiers specialises in the development, design, manufacturing and marketing of power semiconductors, electronic equipment, and railway transportation equipment.
Hind Rectifiers' shares surged 5 percent to hit the upper circuit on September 23 after securing a Rs 200 crore supply order from Indian Railways, boosting investor sentiment.
The share price of Hind Rectifiers gained 15 percent after the company commenced commercial production at new manufacturing plant at Sinnar.
The share price added 30 percent in the last three days and gained 45 percent in the last year.
As per the shareholding pattern of June 2021, Rakesh Radheshyam Jhunjhunwala held in total 6.29 percent stake in Jubilant Pharmova.