Torrent Power, Torrent Cables hit 52-week high

Shares of and have rallied by up to 15% and touched their respective 52-week highs in intra-trade on BSE.

Torrent Cables has soared 17% to Rs 158 on BSE on back of over three-fold jump in trading volumes. The stock opened at Rs 138 and has seen 20,000 shares changed hands till 1232 hours.

Torrent Power surged 10% to Rs 176 on BSE. The stock opened at Rs 163 and touched a 52-week high of Rs 179 so far. A combined 3.08 million shares have already changed hands on the counter against an average sub one million shares changed hands in past two weeks on BSE and NSE.

In May this year, Torrent Power Board had approved anof (TEL), a wholly owned subsidiary of the company and Torrent Cables (TCL) with itself.

 

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