In a significant development, Transformers And Rectifiers (India) Ltd (TRIL), a small-cap power sector player, has secured orders worth Rs 232 crore from the prestigious Maharatna company, Power Grid Corporation of India Limited. The news is expected to drive market interest in TRIL shares when trading resumes on Monday.
Overview:
- Order Details: The orders, valued at Rs 232 crores, include the design, engineering, manufacture, testing, and supply of transformers for Power Grid. The execution timeline for the order is set at 21 months from the date of the award notification.
- Stock Reaction: Investors are keenly watching how the stock market reacts to this development. The last trading price of TRIL shares on BSE was Rs 341.60, reflecting a 0.99% intraday fall. Over the past 6 months, TRIL shares have yielded a remarkable 188% return, and over the last year, the returns have surged to an impressive 475%.
Stock Performance & Return:
- 52-Week Range: TRIL shares have seen a 52-week high of Rs 397.20 and a low of Rs 53.00. The company boasts a market capitalization of Rs 4869.99 crore.
- Historical Returns: TRIL shares have displayed a robust performance over the years, gaining 834% in the last 2 years, 1933% in the last 3 years, and a staggering 3062% in the last 5 years. In the past decade, the stock has witnessed an outstanding rally, soaring by 4240%.
Bonus Share and Stock Split History:
- Bonus Shares: Transformers And Rectifiers (India) last declared bonus shares in 2013, in the proportion of 1:9. TRIL shares traded ex-bonus on June 14, 2013.
- Stock Split: TRIL split the face value of its shares once on September 28, 2017, from Rs 10 to Re 1.
About Transformers And Rectifiers (India) Ltd: Incorporated in 1994, Transformers & Rectifiers (I) Limited has established itself as a leading manufacturer of a diverse range of transformers in the Indian Transformer Industry. The company’s products meet the quality expectations of both domestic and international markets.
Disclaimer: The article provides information on the order win from Power Grid and is not a stock recommendation. Investors are advised to conduct their own fundamental and technical analyses before making investment decisions.
