GE Power India jumps most in 3 weeks on strong Sept-quarter results

Ge Power India

03/11/2021 06:49

** Shares of power equipment maker  GEPO.NS  up as much as
6.6% at 319 rupees, biggest intraday pct gain since Oct. 13     
    ** Co reports Sept-quarter consolidated net profit after tax
of 393.3 mln rupees ($5.28 million), up 5.3% y-o-y
    ** Co reports consolidated revenue from operations of 7.32
bln rupees vs 8.88 bln rupees a year ago
    ** Seeing slow down on Flue Gas Desulphurization (FGD)
orders due to ambiguity on implementation timelines of power
plants - Co says https://bit.ly/3bzbk19
    ** Expecting recovery on FGD orders from next year - Co adds
    ** Stock hits highest since Oct. 19 in its third straight
session of gains
    ** More than 201,000 shares traded by 0533 GMT, 1.9 times
their 30-day avg of 103,000 shares 
    ** As of last close, GEPO had risen 3.6% this year vs a
38.4% gain in the Nifty Energy index  .NIFTYENR  in the same
period 

($1 = 74.5400 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))