Strong buying momentum lifts Transformers and Rectifiers to the top of NSE gainers list

Transformers and Rectifiers rose nearly 5 percent to 745.3 rupees with steady volumes, supported by strong market confidence despite elevated valuation levels and moderate return ratios.

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Strong buying momentum lifts Transformers and Rectifiers to the top of NSE gainers list

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Strong buying momentum lifts Transformers and Rectifiers to the top of NSE gainers list
Transformers and Rectifiers rose nearly 5 percent to 745.
Trading activity in Transformers and Rectifiers (India) Limited reflected strong investor interest as the stock surged 4.99 percent to close at 745.3 rupees. The share opened at 715 rupees and touched an intraday high of 745.3, gaining 35.45 rupees from its previous close of 709.85. Trading volume stood at 268,740 shares versus the average of 309,005, indicating moderate participation. The company carries a market capitalization of 111.86 billion rupees and a high price-to-earnings ratio of 134.05.
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