Transformers and Rectifiers jumps on Q2, Rs 372 in focus

Transformers and Rectifiers rose as much as 19 percent in morning trade on 14 October 2026 after strong Q2 results, but Rs 372 remains the key resistance. Transformers and Rectifiers (India) Limited [

] rose nearly 19 percent in morning trade on 14 October 2026 after its strong Q2 FY27 results. At the time of writing it trades near Rs 351, up about 15 percent. The market has not closed yet. Net profit rose 135 percent year on year, and order inflow stood at Rs 3,283 crore. Volume of 48.29 million is far above the recent days. On the daily chart, the stock has been range bound for nearly a year, with highs repeatedly capped near Rs 372. Price has moved above the 100 day SMA at Rs 308, and RSI at 77.7 shows strong momentum, though it is in the overbought zone. What next: Rs 372 is the key hurdle, and a close above it with volume may end the one year range. Rs 308 is the first support, then the recent swing low at Rs 266. Conclusion: the strong results lifted sentiment, but the stock stays range bound until it closes above Rs 372, and the closing level today will matter more than the intraday high. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.