GE Vernova T&D India rises after Nomura raises price target

GE Vernova T&D India

23/12/2025 06:56

** GE Vernova T&D India's GETD.NS shares rise about 2% to 3,156.9 rupees apiece

** Nomura reiterates "buy" on power T&D company, raises PT to 4,000 rupees from 3,700 rupees, implying about 37% upside over next 12 months

** Cites GETD's long-term earnings growth outlook, hikes FY2028 EPS projection by 3%

** GETD secures 100-billion-rupee ($1.11 billion) contract to design high voltage direct current (HVDC) terminal station

** Nomura says GETD is likely to secure at least one additional domestic HVDC project over next 12-18 months

** Visible pipeline of HVDC projects, capacity expansion boost earnings outlook - Nomura

** Stock rated "buy" on avg by 8 analysts; median PT 3,655 rupees - data compiled by LSEG

** YTD, GETD up nearly 49% vs 0.3% rise in energy index .NIFTYENR

($1 = 89.7570 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))