Power equipment manufacturers stocks plunged on reports that India has allowed 4 Chinese power equipment manufacturers with local factories to bid on crucial government power projects. This exemption is valid for two years, with aims to bolster India’s expanding transmission network & renewable energy goals.
GE Vernova T&D India is currently trading at Rs. 4346.30, down by 477.65 points or 9.90% from its previous closing of Rs. 4823.95 on the BSE. The scrip opened at Rs. 4624.80 and has touched a high and low of Rs. 4624.80 and Rs. 4341.60 respectively. So far 181032 shares were traded on the counter.
Hitachi Energy India is currently trading at Rs. 30680.20, down by 3094.35 points or 9.16% from its previous closing of Rs. 33774.55 on the BSE. The scrip opened at Rs. 32299.90 and has touched a high and low of Rs. 32299.90 and Rs. 30416.90 respectively. So far 32850 shares were traded on the counter.
Transformers & Rectifiers (India) is currently trading at Rs. 340.50, down by 17.10 points or 4.78% from its previous closing of Rs. 357.60 on the BSE. The scrip opened at Rs. 357.60 and has touched a high and low of Rs. 359.60 and Rs. 338.00 respectively. So far 405480 shares were traded on the counter.
Bharat Heavy Electricals is currently trading at Rs. 386.65, down by 15.45 points or 3.84% from its previous closing of Rs. 402.10 on the BSE. The scrip opened at Rs. 402.85 and has touched a high and low of Rs. 402.95 and Rs. 384.40 respectively. So far 1570300 shares were traded on the counter.
