Transformers and Rectifiers (India) – Momentum

Important Levels: Support: 620 – 590 Resistance: 700 – 760 Structure: Strong uptrend with higher highs Business: Leading manufacturer of power transformers Beneficiary of India's power transmission and distribution expansion Strong exposure to utility and industrial projects Earnings: Record order book visibility Strong revenue growth trajectory Improving operating leverage Verdict: 👉 Power infrastructure leader 👉 Momentum remains extremely strong