Hind Rectifiers moves higher on bagging order worth around Rs 127 crore
Hind Rectifiers is currently trading at Rs 1295.45, up by 32.75 points or 2.59% from its previous closing of Rs 1262.70 on the BSE.
The scrip opened at Rs 1350.05 and has touched a high and low of Rs 1388.30 and Rs 1282.85 respectively. So far 19795 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 1591.00 on 16-Dec-2024 and a 52-week low of Rs 660.00 on 03-Jul-2024.
Last one week high and low of the scrip stood at Rs 1388.30 and Rs 1225.95 respectively. The current market cap of the company is Rs 2220.85 crore.
The promoters holding in the company stood at 43.98%, while Institutions and Non-Institutions held 6.04% and 49.97% respectively.
Hind Rectifiers has bagged order from Indian Railways. The company has received order worth around Rs 127 crore. The said order is to be executed in FY 2026-27.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductors, power electronic equipments and railway transportation equipments.
