GE Power India jumps after reporting Q2 profit

Ge Power India

06/11/2024 10:04

** Shares of GE Power India Ltd  GEPO.NS  climb 4.4% to
412.70 rupees
    ** GEPO reports Q2 profit before tax of 100.2 million rupees
($1.19 million) vs 358 million rupees loss last year
    ** Co's net profit of 688.7 million rupees includes one-time
gain of 583.4 million rupees from sale of its gas power business
during July-Sept qtr
    ** Over 1.3 mln shares traded, 9.5x 30-day avg volume
    ** Stock up ~80% so far this year



($1 = 84.2450 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com))