TD Power Systems surged 9.11% at Rs 213.80 at 10:59 IST on BSE after the organization won a request to supply 45 railroad application generators from a noteworthy multi-national organization for establishment in North America.
The declaration was made reseller's exchange hours yesterday, 29 August 2016.
In the interim, the S&P BSE Sensex was up 214.05 focuses or 0.77% at 28,116.71
On BSE, so far 1.01 lakh shares were exchanged the counter as against normal day by day volume of 4,957 shares in the previous one quarter. The stock hit a high of Rs 225 and a low of Rs 208.45 so far amid the day. The stock had hit a 52-week low of Rs 175 yesterday, 29 August 2016. The stock had hit a 52-week high of Rs 344 on 23 October 2015. The stock had failed to meet expectations the business sector in the course of recent days till 29 August 2016, falling 23.7% contrasted and 0.53% fall in the Sensex. The scrip additionally failed to meet expectations the business sector in past one quarter, sliding 10.11% as against Sensex's 4.63% ascent.
The little top organization has value capital of Rs 33.24 crore. Face esteem per offer is Rs 10.
T D Power Systems said that the supplies under the most recent request would be finished between January 2017 and April 2017. The abroad request is a result of the fruitful trial keep running of five generators supplied before in February 2016 to the client, TD Power Systems said. The organization anticipates that volumes will develop from this business in the inevitable budgetary years, it said.
TD Power Systems reported a united net loss of Rs 2.20 crore in Q1 June 2016, lower than net loss of Rs 4.67 crore in Q1 June 2015. All out salary fell 18.04% to Rs 85.14 crore in Q1 June 2016 over Q1 June 2015.
TD Power Systems is occupied with the assembling of AC generators with yield limit in the scope of 1 megawatt (MW) to 200 MW for prime movers, for example, steam turbines, gas turbines, hydro turbines, diesel motors and gas and wind turbines. The organization additionally fabricates exceptional application generators for geo warm and sun powered warm applications.