Transrail Lighting Ltd. shares snapped a five-day losing streak on Friday, as the company bagged orders worth Rs 2,752 crore. The orders are for its transmission and distribution segments, according to an exchange filing on Thursday.
With the new orders, Transrail Lighting's new order flows on year-to-date basis have crossed Rs 7,400 crore, which implies a growth of 90% on the year, Chief Executive Officer and Managing Director Randeep Narang said.
Transrail Lighting Share Price Today
Transrail Lighting share price rose 6.08% to Rs 517.70 apiece. It pared most gains to trade 1.39% higher at Rs 494.35 apiece as of 9:36 a.m., as compared to a 1.20% decline in the NSE Nifty 50.
The stock declined 10.56% in 12 months. Total traded volume so far in the day stood at 4.9 times its 30-day average. The relative strength index was at 41.33.
One analyst tracking the company maintained a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 49.1%.
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