TRF in the limelight
By
Research Desk
about 11 years ago
TRF Ltd is doing pretty well today. Volumes are up almost 5 times at 86,000 shares changing hands in the morning. The stock had hit a 52-week low last week at Rs.134 and today it hit an intra day high at Rs.184.65 and is currently at Rs.178.10, up almost 4%.
The stock is in the limelight today, reacting a bit late to the news announcement of 28th March, of having received order worth Rs 360 crore from Nabinagar Power Generating Company Private Limited. And in a TV interview, the management yesterday gave a very optimistic view of the fiscal saying that it closed FY13 with an order book of Rs.1000 crore and in the current fiscal, FY14, the company expects one or two big orders and much better topline growth, vis-à-vis FY13.