Hot Pursuit
Transformers & Rectifiers India Ltd. currently trades at Rs 303.45, after gaining 1.61% over the last week.
Transformers and Rectifiers (India) Limited announced it has received a purchase order from Megha Engineering and Infrastructures Limited (MEIL) for the manufacturing of transformers and related work, to be executed over the next 35 months. The order, classified as a "Large Order" with a value up to Rs 100 Cr, falls within the normal course of business and does not constitute a related party transaction; the company’s promoters and group companies have no interest in MEIL.
Transformers & Rectifiers India Ltd. shares saw a trading volume of 7.3 lakh today, a decrease of 79.48% from the one-week average volume. Transformers & Rectifiers India Ltd. plunged by 38.26% year-over-year, underperforming the NIFTY50 index's 1.33% loss.