Shares of Transformers and Rectifiers India Ltd (TRIL) today soared nearly 11 per cent after it signed a joint venture agreement with Chinese firm Jiangsu Jingke Smart Electric Company Limited (Jingke).
The scrip zoomed 8.69 per cent to settle at Rs 357.70 on BSE. Intra-day, it surged 15 per cent to Rs 378.65.
At NSE, shares of the company advanced by 10.72 per cent to end at Rs 361.85.
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According to the statement, TRIL will hold majority 60 per cent stake in the joint venture.
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