GE T&D India jumps 5% max limit on posting Q4 profit

GE Vernova T&D India

22/05/2024 09:12

** Shares of power transmission co GE T&D India  GETD.NS 
jump an exchange-allowed high of 5% to 1,430.2 rupees
    ** Co posts Q4 net profit of 662.9 mln rupees (around $8
mln) from loss 153.5 mln rupees a year ago, rev from ops up 30% 
    ** GETD on track for seventh straight session of gains 
    ** Analysts' avg rating on stock is "Hold", median PT is 631
rupees - a ~54% discount on last close, per LSEG data 
    ** Including session's gains, stock up ~184% YTD



($1 = 83.2650 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))