Chennai-based Indo Tech Transformers Ltd has received an export order worth Rs 30 crore for supply of five power transformers of various capacities.

Indo Tech Transformers, Ltd. manufactures power and distribution transformers primarily in India. The company exports its products to the United States, the United Kingdom, Canada, Nigeria, Germany, Egypt, Singapore, Qatar, Abu Dhabi, Saudi Arabia, Sri Lanka, Japan, and Switzerland.

Apart from the current order, the company has informed that it has also commissioned a Transformer Tank manufacturing facility at its Kancheepuram plant at a cost of Rs 3.50 crore.

A leading stock analyst has advised its clients to sell the stock and book profits as the company is having a small order book. So it is better that investors should switch over to other counters in the same space. Investors can invest in large cap stocks with good fundamentals.

The stock is presently trading at Rs 289, down 1% compared to its previous day close. The scrip has plunged over 60% in last nine months.