Transformers and Rectifiers India surges 10% on healthy growth outlook

In past one week, the stock has outperformed the market by surging 25 per cent, as compared to 1.8 per cent decline in the S&P BSE Sensex.

Shares of Transformer and Rectifier India (TRIL) hit multi-year high of Rs 70.75, as they rallied 10 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes on healthy growth outlook. The stock is trading at its highest level since 2008. It had hit a record high of Rs 91 on January 1, 2008.

At 10:10 AM; TRIL quoted 9.5 per cent higher at Rs 70.15, as compared to 0.16 per cent rise in the S&P BSE Sensex. The average trading volumes at the counter more-than-doubled with a combined 2.6 million shares, representing 2 per cent of