GE T&D India hits record high on bagging $45 mln work orders

GE Vernova T&D India

28/02/2024 04:19

** Shares of GE T&D India  GETD.NS  up as much as 5% at
record high of 914.25 rupees 
    ** Power transmission co said it bagged new work orders
worth 3.70 billion rupees ($44.6 mln) from Power Grid
Corporation of India  PGRD.NS  
    ** GETD trading above 100- and 200-day moving avgs since
last April 
    ** Average rating of five analysts equivalent of "hold";
median PT of 524 rupees is ~43% below record high price - LSEG
data
    ** Stock up 33.7% so far in February, on track for fourth
straight monthly gain





($1 = 82.9040 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))