Meanwhile, the BSE Sensex was down 119.06 points, or 0.46%, to 25,932.75.

On BSE, so far 5,336 shares were traded in the counter, compared with average daily volume of 6,470 shares in the past one quarter. The stock hit a high of Rs 336.90 and a low of Rs 327 so far during the day. The stock hit a 52-week high of Rs 389 on 10 November 2016. The stock hit a 52-week low of Rs 181.80 on 30 November 2015. The stock had outperformed the market over the past 30 days till 23 November 2016, falling 4.54% compared with the 7.26% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.04% as against Sensex's 6.41% decline.

The small-cap company has equity capital of Rs 13.26 crore. Face value per share is Rs 10.

Transformers and Rectifiers (India) (TRIL) has been awarded the order for 232 units of inverter duty transformers and 19 units of power transformers upto 110 kV class amounting to Rs 96 Crores from Adani Group for solar power project.

With this order, the company's order book as on date stands at around Rs 980 crore.

TRIL reported net profit of Rs 9.60 crore in Q2 September 2016 as against net loss of Rs 2.35 crore in Q2 September 2015. Net sales rose 90.19% to Rs 261.93 crore in Q2 September 2016 over Q2 September 2015.

TRIL manufactures a wide range of transformers for the domestic and the international market.