GE Vernova T&D India rises after order win from Power Grid Corp

GE Vernova T&D India

05/03/2025 04:17

** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees

** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)

** Order for supply and installation of transformers and reactors under bulk procurement

** Stock on track to snap 4-week losing streak; gained 1.7% so far this week

** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG

** GETD last up 3%, cutting YTD losses to 34.4%

($1 = 87.1275 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))