Hind Rectifiers Share Price | This stock is running fast, you will get profit at a speed faster than bullet train – Hindi News
Hind Rectifiers Share Price | Shares of Hind Rectifiers rose 5 per cent and hit an upper circuit as soon as trading began on the stock exchange on September 23. The company had told the stock exchanges on Saturday, September 21, that it had received a supply order of over Rs 200 crore from the Indian Railways. Hind Rectifiers is a leading name in the design and development of electrical rectifier transformers and electronic equipment solutions for railways and industry. ( Hind Rectifiers Ltd.
Hind Rectifiers stock opened 5 per cent higher at Rs 856.65 on BSE yesterday morning and hit an upper circuit. The company has a market cap of over Rs 1,400 crore. The face value of the stock is Rs 2. The company's stock hit a 52-week high of Rs 1,010.85 on BSE. On Wednesday (September 25, 2024), the stock was trading 0.76% lower at Rs 893. The company has told the stock exchanges that it wants to complete the new order from the railways in the financial year 2025-26. The promoters had taken a 44.05 per cent stake in Hind Rectifiers at the end of June 2024. The stock price has gained over 140% in the last one year. Hind Rectifiers had paid a dividend of Rs 1.20 per share to its shareholders for the financial year 2023-24. The record date was July 25, 2024. Hind Rectifiers' operating revenue grew 39 per cent year-on-year to Rs 135.53 crore in the April-June 2024 quarter from Rs 97.58 crore a year ago. The company's net profit for the June 2024 quarter grew 250 per cent to Rs 7 crore. The profit for the June 2023 quarter was ₹2 crore. In FY24, the company had a revenue of ₹517.55 crore and a net profit of ₹12.51 crore.
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