Transformers and Rectifiers gains on order win of Rs 153 crore

The stock rallied 8% to Rs 420 on BSE in intra-day trade.

Transformers and Rectifiers (India) was up 8% to Rs 420 on BSE in intra-day trade after the company said it has received order worth Rs 153 crore from Gujarat Energy Transmission Corporation Limited (GETCO).

"The said order falls under the normal course of business. The company neither has any interest in the entity that awarded the order nor fall within related party transactions," company said in release.

With this order, the company’s order book as on date stands around Rs 1,020 crore, it added.

At 10:02 am; the stock was up 4% at Rs 406 on BSE as compared to 0.15% rise in the S&P BSE Sensex. A combined 212,349 shares changed hands on the counter on the BSE and NSE so far.