{"id":105455,"date":"2023-07-20T15:30:00","date_gmt":"2023-07-20T10:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105455"},"modified":"2023-07-20T17:28:20","modified_gmt":"2023-07-20T11:58:20","slug":"power-stock-falls-20-after-receiving-a-stop-deal-notice-after-alleged-forgery","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/power-stock-falls-20-after-receiving-a-stop-deal-notice-after-alleged-forgery\/","title":{"rendered":"Power stock falls 20% after receiving a \u2018Stop Deal\u2019 notice after alleged forgery\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1570300554\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Gujarat Energy Transmission Corporation Ltd (GETCO) said that it would no longer do business with the company for a period of three years on the grounds that it has allegedly submitted forged Material Dispatch Clearance Certificates (MDCC) relating to transformers supplied by it.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2663356755\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The share price of Transformers and Rectifiers (India) suffered a deep cut and hit the 20 percent lower circuit after it received a \u2018Stop Deal\u2019 notice from GETCO. At 01:45 PM on Monday, its shares were locked at \u20b9 85.70 apiece, with only sellers and no buyers.&nbsp;<\/p><p>In an exchange filing, the company said that the Contract was awarded for the supply of a total of 29 Transformers and 1 Reactor. It has already provided 24 transformers and 1 reactor to GETCO in accordance with the contract. Moreover, it has successfully completed additional inspection tests in accordance with GETCO&#8217;s specifications and the transformers and reactor are in use at GETCO.&nbsp;<\/p><p>The company added that it is taking the required actions to defend its position against this allegation and to resolve this matter.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2508140\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In spite of the steep fall that it suffered on Thursday, the company remains a multibagger with 191.50 percent returns in the past year and 382.82 percent returns in the past five years.&nbsp;<\/p><p>Transformers and Rectifiers (India) Ltd manufactures a wide variety of transformers and switchgear. It is a small-cap company with a market capitalization of \u20b9 1,420 crores. It has a low return on equity of 10.86 percent and an ideal debt-to-equity ratio of 0.84. Its shares were trading at a price-to-earnings ratio (P\/E) of 34.88 which is higher than the industry P\/E of 29.53, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 74.91 percent stake in it followed by retail investors with 25.06 percent and foreign institutions with 0.03 percent.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1802732327\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Gujarat Energy Transmission Corporation Ltd (GETCO) said that it would no longer do business with the company for a period of three years on the grounds that it has allegedly submitted forged Material Dispatch Clearance Certificates (MDCC) relating to transformers supplied by it.&nbsp; The share price of Transformers and Rectifiers (India) suffered a deep [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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