Hind Rectifiers shares locked in 5% upper circuit after Q1 results
The share price of Hind Rectifiers Ltd. reached the 5% price band limit on Friday after rising 5% during intraday trading. On Thursday after market hours, The Hind Rectifiers released a financial performance report.
On Friday, the share price of Hind Rectifiers opened at ₹825.00, 4.33% higher than the previous closing of Rs790.75. Following that, the share price of Hind Rectifiers increased even further, reaching a high of ₹830.25 on the NSE and exceeding the 5% price band limit. The price of Hind Rectifiers’ shares is currently at an all-time high.
The share price of Hind Rectifiers has increased by more than 168% in the past year and more than 600% in the previous five years, providing investors with multibagger returns.
Hind Rectifiers Limited was established in 1958 in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd. has a long history and expertise in developing, designing, producing and marketing Power Semiconductor, power electronic equipment and railway transportation equipment.
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