GE Vernova T&D surges to record high as CLSA raises parent company target

GE Vernova T&D India

23/04/2026 06:32

** Shares of GE Vernova T&D GETD.NS rises as much as 9.1% to record high of 4,624 rupees; last up 6% at 4,491 rupees

** Parent company GE Vernova GEV.N raises 2026 annual revenue forecast to $44.5-45.5 billion from prior $44-45 billion

** CLSA lifts GEV price target to $1,333 from $1,000; maintains "High Conviction Outperform" rating

** Brokerage cites significant Q1 margin expansion in both power and electrification segments, driven by dominant market share, strong pricing power, and robust customer demand

** Indian subsidiary rated as "Buy" on average with median PT at 3,900 rupees as per data compiled by LSEG

** YTD, stock up 46.6%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))