Power & Electrical Equipment stocks rise | What's driving CESC, TD Power, RR Kabel Transformers & Rectifiers?
New Delhi, Oct. 5 -- Shares of CESC, Transformers & Rectifiers (India), RR Kabel, PG Electroplast and TD Power Systems were trading higher on Monday, 5 October, with gains of up to 8%. However, the triggers behind the moves vary, with some stocks benefiting from company-specific developments while others are seeing buying support amid broader market recovery.
CESC rose around 4%, Transformers & Rectifiers gained 6%, RR Kabel advanced 5.2%, PG Electroplast climbed 4%, while TD Power Systems jumped nearly 8%.
The broader market also provided a tailwind. Indian equities rebounded on Monday after the Nifty 50 posted its longest weekly losing streak in 25 years, helped by softer crude oil prices and reduced expectations of aggressive US Fede...
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