Transformers & Rectifiers shares jumped as much as 18% on Wednesday after the company reported Q2 results showing EBITDA doubling and revenue climbing 61%, with order inflows nearly doubling. The stock has now gained 28% in October alone, extending a sharp rally as investors pile into the power equipment maker on the back of the strong earnings beat. Multiple outlets flagged the results-driven surge, with the stock among the top buzzing names of the session.
No articles in the last 24 hours. Expand to 1 week
