GE Power India soars to over 4-year high after order win

Ge Power India

10/07/2024 09:48

** Shares of GE Power India Ltd  GEPO.NS  climb as much as
8.8% to 584 rupees, highest since March 2020
    ** Power equipment provider extends gains to sixth straight
session, rising 42% cumulatively 
    ** GEPO receives purchase order from Mangalore Refinery and
Petrochemicals  MRPL.NS  for base value of 76.7 million rupees
(around $919,000)
    ** Over 2.2 mln shares traded vs 30-day avg volume of over 1
mln shares
    ** Stock last up 8.1%; it was trading 1.1% higher before
news of the order win
    ** Stock extends YTD gains to above 2.5x

($1 = 83.4850 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))