Power and Electrical Equipment Stocks Rise on Fresh Orders and Market Recovery
· Business · LiveMint, Wall Street Journal
Shares of several power and electrical equipment companies, including CESC, Transformers & Rectifiers, RR Kabel, PG Electroplast, and TD Power Systems, rose by up to 8% on Monday. The broader market recovery provided a strong tailwind as Indian equities rebounded following the Nifty 50's longest weekly losing streak in 25 years. Analysts attribute the gains to a combination of softer crude oil prices, reduced expectations of aggressive US Federal Reserve tightening, and robust technical setups across the sector. Transformers & Rectifiers led company-specific triggers after securing fresh orders from GETCO and Damodar Valley Corporation valued between ₹100 crore and ₹500 crore. The GETCO and DVC contracts carry execution timelines ranging from 15 to 30 months for various shunt reactors and auto transformers.
Why it matters
The rally signals renewed investor confidence in India's electrical equipment manufacturing sector, driven by strong institutional order books and favorable macroeconomic conditions.
Read the original report — LiveMint
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.