Hind Rectifiers climbs on securing orders worth Rs 98 crore
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Hind Rectifiers is currently trading at Rs. 901.40, up by 32.30 points or 3.72% from its previous closing of Rs. 869.10 on the BSE.
The scrip opened at Rs. 895.05 and has touched a high and low of Rs. 912.00 and Rs. 886.00 respectively. So far 3416 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1010.85 on 26-Aug-2024 and a 52 week low of Rs. 333.60 on 03-Oct-2023.
Last one week high and low of the scrip stood at Rs. 939.90 and Rs. 856.65 respectively. The current market cap of the company is Rs. 1561.09 crore.
The promoters holding in the company stood at 44.05%, while Institutions and Non-Institutions held 5.84% and 50.12% respectively.
Hind Rectifiers has secured supply orders from Indian Railways. The broad consideration or size of the orders is Rs 98 crore. The orders are to be executed by FY2025-26. With this, the company now has the highest pending orders in its history, totaling Rs 867 crore as of September 28, 2024.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation Equipments.
