GE Power India jumps on $93 mln contract win

Jaiprakash Power Ventures

04/04/2024 05:15

** Shares of power equipment maker GE Power India  GEPO.NS 
jump 11.3% to highest since late-June 2021 before trimming
gains; last up 4.2%
    ** GEPO says it won two contracts from Jaiprakash Power
Ventures  JAPR.NS  aggregating worth 7.75 bln rupees ($92.9 mln)
    ** Stock on track to rise for sixth straight session, its
longest winning streak since late-Nov
    ** GEPO climbed ~29% in the last five sessions
    ** More than 1.4 million shares trade in second-busiest
session so far this month
    ** Stock up 51.5% YTD, after a 62.4% rise last year
    
($1 = 83.4340 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))