Transformers and Rectifiers shares plunge 30% in two days, hit lower circuit again
Mumbai: Power equipment maker Transformers and Rectifiers (India) plunged 10% on Tuesday, hitting the lowest tradable limit in a trading session for the second straight day, after the company’s profits dipped and the World Bank barred it from participating in its projects over alleged corruption. The stock, once a Dalal Street favourite, has tumbled 30%…