The stock witnessed spurt in volume by more than 1.48 times and touched upper circuit of Rs 7.84 per share.
The board will consider and approve subdivision of equity share from the face value of Rs 10 per share to Re 1 per share.
In an interview to CNBC-TV18, Jitendra Mamtora, Chairman of Transformers and Rectifiers India spoke about the results and his outlook for the company.
Transformers and Rectifiers today reported a 97 percent drop in its standalone net profit at Rs 0.29 crore in the quarter ended March 31, 2017.
In an interview to CNBC-TV18’s Sonia Shenoy and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views on the market outlook and specific stocks and sectors.
In an interview to CNBC-TV18, Jitendra Mamtora, Chairman of Transformers and Rectifiers (India) spoke about the latest happenings in his company and also shared his outlook on the resolution passed to replace transformers in UP.
In an interview to CNBC-TV18’s Latha Venkatesh, and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Given the big thrust on electrification â€“ 6,600 km of rail that the government wants electrified - Jitendra Mamtora, chairman of Transformers and Rectifiers believes this will improve the performance of the industry as a whole.
Transformers and Rectifiers (India) aims to cross Rs 700 crore revenue mark in FY14.