Small Cap Gem Bags Rs 200 Cr Order From Indian Railways, Shares Zoom 328% In 24 Months

Small cap company Hind Rectifiers Ltd (Hirect) shares are likely to remain in focus on Monday (September 23, 2024) as the company informed on Saturday via exchange filing about winning a new order worth Rs 200 crore from Indian Railways. Last trading price of Hind Rectifiers shares on BSE is Rs 815.90 per share with gain of 2.10% as on September 20, 2024. The small cap firm has a market capitalisation of Rs 1398.28 crore. More details given below about the latest order win:

Hind Rectifiers Receives Order From Indian Railways: As per the exchange filing of Hind Rectifiers dated September 21, 2024, "We are pleased to inform you that Hind Rectifiers Limited has secured orders from Indian Railways." The time period by which the order must be executed is by FY 2025-26.

Hind Rectifiers Dividend In 2024: As per the exchange filing of Hirect, the members of the Company at the 66% Annual General Meeting held on August 1, 2024, approved a dividend of Rs. 1.20/- per equity share of face value Rs. 2/- each for the financial year 2023-24. The said dividend is payable to those shareholders whose names appeared in the Register of Members of the Company, and the list of beneficial owners furnished by National Securities Depository Limited and Central Depository Services (India) Limited as at the close of business hours on Thursday, July 25, 2024."

Hind Rectifiers Shares Performance: The 52-week high price of Hind Rectifiers shares on BSE is Rs 1010.85 per share (as on 26/08/2024) and 52-week low price is Rs 333.60 per share (as on 03/10/2023), respectively. Hind Rectifiers shares slipped 10% in last 2-weeks, gained 40% in last 6-months, zoomed 55% in 2024, and rallied 129% in last 1-year. In last 5-years, Hind Rectifiers shares offered eye-catching returns of 470%.

About: Hirect, founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd., has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation Equipments. Hirect was incorporated in April 1958 as Hind Rectifiers Private Limited. It started its Manufacturing activities in one of the Bombay Port Trust godowns at Sassoon dock, Colaba. In the Year 1959-60, Hirect shifted the activities to the present location of 20,000sq. Meters campus at Bhandup, Mumbai, according to its official website.

Disclaimer: The stock just highlights the order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.