Transformers and Rectifiers likely to list above Rs 650

Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of transformers, will list on the bourses on December 28. The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO). The issue was over-subscribed 91.31 times.

Buy Noida Toll Bridge as the stock is tipped to cross Rs.100 soon. Buying of Cairn India may also be considered for short term profit.

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