GE T&D India hits 8-year high on $94 mln order win

GE Vernova T&D India

29/12/2023 04:22

** Shares of GE T&D India  GETD.NS  are up ~3.5% at 496
rupees 
    ** The power transmission co wins order worth 74 million
pounds ($94.25 million)
    ** Earlier in the session, stock rose 5%, hitting highest
since Dec. 2015
    ** Average rating of five analyst covering the stock is
"hold"; their median PT is 367 rupees, ~25% below stock's
current trading price, according to LSEG data  
    ** GETD up ~330% in 2023, set for its biggest-ever yearly
gains 


($1 = 0.7851 pounds)

 (Reporitng by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))