Bengaluru, June 27 -- The shares of this transformer stock engaged in manufacturing and distribution of a wide range of Power and Distribution transformers hit a 2 percent upper circuit in the day's trade upon securing a new order worth Rs. 8.56 crore.

The shares of Supreme Power Equipment Ltd with market capitalization of Rs. 557 Crore opened at Rs.227.50 per equity share, from its previous day's closing price of Rs. 223.05 and stock rose by 1.99 percent as compared to previous close.

The order was awarded by a domestic Renewable Power Project Company and involves the supply of two high-capacity power transformers. Specifically, Supreme Power will deliver two 55MVA, 110/33KV transformers, which are intended for pooling substation proje...