India's GE Vernova hits record high on order win

GE Vernova T&D India

20/12/2024 05:22

** Shares of GE Vernova T&D India  GETD.NS  rise as much as
3.3% to a record high of 2,180 rupees
    ** Heavy electrical equipment maker receives order from
Sterlite Grid 32 valued at more than 4 bln rupees ($47 mln)
    ** Order is for supply and supervision of high voltage
equipment 
    ** Five analysts covering the stock on avg have a "buy"
rating; median PT is 2,100 rupees - LSEG data
    ** Stock up ~12% so far this week, set for best week since
listing in 2009



($1 = 85.0880 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))