16 Apr 2025

Hind Rectifiers Gains Over 1%, Launches New Tech Subsidiary ‘Coincade Studios’

Hind Rectifiers is trading at RS. 1002.55, up by 10.95 points or 1.10% from its previous close of RS. 991.60 on the BSE.

The stock opened at RS. 1003.60 and has moved between a high of RS. 1017.25 and a low of RS. 988.80 so far, with 2943 shares traded on the counter.

Classified under BSE group 'B', the stock with a face value of RS. 2 recorded a 52-week high of RS. 1591.00 on December 16, 2024, and a 52-week low of RS. 598.80 on June 5, 2024. Over the last week, the scrip has seen a high of RS. 1017.25 and a low of RS. 914.05. The company’s current market capitalization stands at RS. 1727.34 crore.

The shareholding pattern shows 43.98% held by promoters, 6.04% by institutions, and 49.97% by non-institutional investors.

In a strategic development, Hind Rectifiers has established a wholly-owned subsidiary named ‘Coincade Studios’ on April 15, 2025. The new entity will focus on creating advanced products and solutions in the domains of information technology (IT), artificial intelligence (AI), Web3, and the broader software industry.

Hind Rectifiers continues to operate in the fields of design, development, manufacturing, and marketing of power semiconductors, power electronic equipment, and railway transportation systems.