Bengaluru, Sept. 25 -- This small-cap transformer stock, engaged in designing and manufacturing high-voltage electrical equipment and providing solutions for power generation, transmission, distribution, and automation sectors, jumped 8 percent after signing an agreement with Hyosung for GIS instrument transformers.

With a market capitalization of Rs. 7,772.29 crores, the share of Quality Power Electrical Equipments Limited has reached an intraday high of Rs. 1,049 per equity share, rising nearly 7.70 percent from its previous day's close price of Rs. 974. Since then, the stock has retreated and is currently trading at Rs. 1,003.60 per equity share.

What is the news? Mehru Electrical and Mechanical Engineers Private Limited, a subsidia...