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Market move▲ Bullish for Transformers And Rectifiers
Multibagger power stock Transformers & Rectifiers share price jumps 10% after PM-DHARA push - Can the rally continue?
The brief
- TARIL shares rose over 10% after approval of the ₹1.36 lakh crore PM-DHARA Scheme for transmission infrastructure
- Transmission investment may support Transformers & Rectifiers and other power-equipment makers
PM-DHARA transmission and renewable-energy scheme
The government announced a ₹1.86 lakh crore PM-DHARA scheme for transmission and renewable energy. Reports named Power Grid, KEI Industries, Polycab and Transformers & Rectifiers among potential beneficiaries, while an analyst said the plan could create a multi-year opportunity for transmission equipment makers.
Thursday, 1 October
- Multibagger power stock Transformers & Rectifiers share price jumps 10% after PM-DHARA push - Can the rally continue?