Transformers & Rectifiers India Ltd Hits Upper Circuit Limit Amid Market Resilience
Transformers & Rectifiers India Ltd experienced significant trading activity, reaching its upper circuit limit with an intraday high of Rs 556.5. The stock's last traded price was Rs 552.5, reflecting a notable increase. Despite a decline in delivery volume, the company demonstrated resilience, outperforming its sector.
Transformers & Rectifiers India Ltd, a mid-cap player in the Capital Goods industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 556.5, reflecting a 5% increase from its previous trading session. This surge marks a notable turnaround for the company, which had experienced two consecutive days of decline prior to today.The stock's last traded price (LTP) stands at Rs 552.5, with a change of Rs 22.5, translating to a 4.25% increase. The total traded volume reached approximately 10.24 lakh shares, contributing to a turnover of Rs 56.72 crore. Notably, Transformers & Rectifiers India has outperformed its sector by 3.12% today, showcasing its resilience in a competitive market.
Despite a decline in delivery volume, which fell by 48.16% against the five-day average, the stock remains liquid enough for trades of Rs 2.66 crore based on 2% of the five-day average traded value. Overall, the stock's performance today highlights a positive shift, with it trading above key moving averages, indicating a strong market position.
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