New Delhi, Dec. 15 -- Keeping its momentum intact despite weakness in the broader market, Transformers & Rectifiers India share price rallied another 11.3% to the day's high of Rs.311.85 apiece in Monday's session, December 15, taking the two-day cumulative gain to 30% in just two trading sessions, supported by a strong rise in trading volumes.

As of 11:45 AM, a total of 34 million shares had changed hands on both BSE and NSE, which is twice the stock's weekly average.

This sharp recovery came as a relief for shareholders, who had been waiting for the stock to rebound following its biggest one-way crash in recent times. Between November 10 and December 12, the stock remained under pressure, losing nearly 40% of its value and slipping to...