Transformers & Rectifiers share price rebounds 8% following sharp 38% fall in 8 sessions. What’s driving the bounce?
TRIL share price in focus: After witnessing its worst sustained crash in recent times, Transformers & Rectifiers shares finally saw some relief in Wednesday’s session, November 12, rising 8% to a day’s high of ₹304.70. Although there was no fundamental trigger behind today’s recovery, the sharp fall appears to have prompted value buyers to step in.
Amid multiple negative news flows including poor show in September quarter, the stock has plunged 38.5% over the last eight trading sessions, hitting its lowest level since May 2024.
The sharp decline has also extended its monthly losing streak to four, with shares falling another 33% in November and correcting by a massive 54% from their all-time high of ₹648.90 apiece.
