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T D Power Systems jumps on fund buying

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Capital Market
Last Updated : Oct 10 2014 | 9:46 AM IST

T D Power Systems jumped 5.25% at Rs 335.80 at 15:17 IST on BSE after HDFC Trustee Company Limited - HDFC Prudent Fund bought 2 lakh shares at Rs 319 per share in a bulk deal on BSE on Wednesday, 8 October 2014.

Meanwhile, the S&P BSE Sensex was up 416.32 points or 1.59% at 26,663.11.

On BSE, so far 1.48 lakh shares were traded in the counter as against average daily volume of 49,898 shares in the past one quarter.

The stock hit a high of Rs 342 and a low of Rs 324.95 so far during the day. The stock had hit a record high of Rs 375 on 9 June 2014. The stock had hit a record low of Rs 175.40 on 28 October 2013.

The stock had outperformed the market over the past one month till 8 October 2014, sliding 2.77% as compared to the Sensex's 3.93% fall. The scrip had, however, underperformed the market in the past one quarter, advancing 1.23% as compared to the Sensex's 2.6% rise.

The small-cap company has equity capital of Rs 33.24 crore. Face value per share is Rs 10.

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HDFC Trustee Company Limited - HDFC Prudent Fund bought 2 lakh shares of T D Power Systems at Rs 319 per share in a bulk deal on BSE on Wednesday, 8 October 2014. Catamaran Capital sold 4.06 lakh shares at Rs 319 per share on that day.

T D Power Systems reported a consolidated net loss of Rs 9.24 crore in Q1 June 2014 as against net profit of Rs 5.17 crore in Q1 June 2013. Total income from operations rose 19.02% to Rs 86.39 crore in Q1 June 2014 over Q1 June 2013.

T D Power Systems is engaged in the manufacturing of AC generators with output capacity in the range of 1 MW to 200 MW for prime movers, such as steam turbines, hydro turbines, diesel engines, wind turbines, gas engines and gas turbines. The company also manufactures special application generators, and generators for geo thermal and solar thermal applications.

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First Published: Oct 09 2014 | 3:13 PM IST

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