Multibagger stock Transformers and Rectifiers gains 8% on ₹726 crore order win

Transformers and Rectifiers share price surged by 8% during Monday's trading session after the company obtained orders totaling ₹726 crore for the provision of auto transformers and bus reactors from Gujarat Energy Transmission Corporation.

According to a regulatory filing, the project is expected to be completed within 18 months from the date the Letter of Intent (LOI) is issued.

The statement indicated that Transformers and Rectifiers has acquired orders worth ₹726 crore from Gujarat Energy Transmission Corporation Ltd.

The overall value of the order received amounts to ₹726 crore, inclusive of GST, as mentioned in the statement.

This order is categorized under regular business operations and is not classified as a related party transaction, according to the statement.

Founded in 1994, Transformers & Rectifiers has established itself in the Indian Transformer Industry as a producer of an extensive variety of transformers that meet the quality standards of both domestic and international markets.

Transformers and Rectifiers share price today

Transformers and Rectifiers share price today opened at ₹384.25 apiece on the BSE, the stock touched an intraday high of ₹405 per share, and an intraday low of ₹374. Over the period of two years, Transformers and Rectifiers share price has jumped 1,209.93%.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities explained that Transformers and Rectifiers share price is forming a bearish rectangle pattern, consolidating within a ₹366-475 range. With the 10, 20, and 50-day EMAs stacked bearishly, the trend remains decisively negative. A breakdown below ₹366 could accelerate selling pressure, pushing the stock toward ₹300 levels. The lack of bullish momentum suggests that any rebounds may be short-lived. Traders should watch for a decisive breakdown confirmation before entering short positions, as downside risks remain high in the current structure.

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