Hind Rectifiers shines on starting commercial production at new plant in Nashik!

Hind Rectifiers shines on starting commercial production at new plant in Nashik!

by 5paisa Research Team Last Updated: Mar 11, 2023 - 12:26 pm 1k Views
Listen icon

Shares of Hind Rectifiers Limited jumped more than 14% in the morning trade.

Commercial Production at New Manufacturing Plant

Hind Rectifiers has started commercial production at a new manufacturing plant situated at Sinnar, Nashik, Maharashtra from March 9, 2023. The company has constructed around 12,900 square meters at the Sinnar plant. The benefits of these new production lines at Sinnar will however be availed in the following years from 2023-24 onwards.

The company continues to focus to expand this product range by way of developing new products in-house. This development is in line with Company’s commitment and promises made in the past. This Commercial Production will generate additional revenue for the company.

Share price movement of Hind Rectifiers Limited 

Today, the stock opened at Rs 199.10, with a high and low of Rs 227.30 and Rs 199.10. The stock is currently trading at Rs 223, up by 14.07%.

In the last 6 months, the shares of the company have given about 8% returns and on a YTD basis, the stock has given about -1% returns.

The stock has a 52-week high of Rs 268 and a 52-week low of Rs 152.90. The company has a ROCE of 10.1% with a market capitalisation of Rs 368 crore.

Company profile 

Hind Rectifiers Ltd.(Hirect) was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hind Rectifiers Ltd has a long-standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipment and Railway Transportation Equipment.

During this period Hirect has established considerable expertise in its area of activity and caters to a wide range of applications such as Electronics, Railway Transportation, Power, Telecommunication and core sector industries like steel, non-ferrous metals, cement, chemicals, metal finishing and a host of other industries.  

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.