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This smallcap PSU stock is locked in a 20% lower circuit. What’s behind the steep selloff?

This smallcap PSU stock is locked in a 20% lower circuit. What’s behind the steep selloff?

Shares of Transformers and Rectifiers India Ltd plunged 20% to hit the lower circuit at Rs 313.55 after the company reported a 20% drop in Q2 net profit to Rs 37.45 crore. EBITDA margins also declined sharply, triggering a steep selloff in the smallcap PSU st…

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