Star Delta Transformers Shares Close 11.96% Higher on ₹236.69 Crore Order Boost

Star Delta Transformers share price saw significant demand from investors throughout today’s trading session. The shares closed 11.96%, or 68.70 points higher at ₹643.10. They made an intraday high of ₹680 and a low of ₹590.10. The shares opened at ₹604 but soon saw immense buying interest from the investors.

This comes after the company announced earlier this week that its unexecuted order book has reached a high value of ₹236.69 crore. Apart from this, there was positive momentum in the broader heavy electrical equipment sector, which also pushed the share price higher. With the high order book value, investors have become positive about the company’s future revenue visibility in its core transformer business.

Star Delta Transformers Limited is an Indian company that manufactures and supplies power and distribution transformers. The company is headquartered in Bhopal, Madhya Pradesh and has 539255 as the BSE code. The company is not listed on NSE.

The shares have their 52-week high at ₹1,295.60 and 52-week low at ₹482.05. The company’s market cap is currently at ₹191.71 crore, with its free float market cap at ₹47.39 crore. Its P/E ratio is at 18.52 with its EPS (TTM) at ₹34.50.

With the new order and the updated order book, the company is expected to find increased investor demand in the near future. However, long-term investor interest will depend on how well the company executes its projects and how much profit it makes in the coming quarter.

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