Power Stock: Large-cap power transmission Company GE T&D India Ltd has witnessed a strong rally in the last month. The Shares GE T&D India Ltd has given more than 21% in the last month. The company’s stock hit a fresh 52-week high of Rs 1720.95 on 4 July with a 5% upper circuit. Recently the company secured a huge order due to which the stock price surged.
Order Details
The large-cap firm Ge T&D India Lytd has received two orders worth Rs 809 crore from Grid Solutions Middle East FZE, Dubai for the supply and supervision of high voltage products. This order is worth 26 million. The second order is from Grid Solutions SAS, France for the supply and supervision of high voltage products. The value of this order is 64 million euros. The company has to complete these two orders within two years according to the agreement.
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GE T&D India Target Price
Market Expert Nupur Jakuniya has given a share price target of Rs 1,721 on this stock and has recommended to buy. According to her, the stock will remain in a bullish trend this year. She also advised a stop loss of Rs 1,620 on this stock.
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GE T&D India Stock Performance
The stock of the power transmission and distribution firm has increased by 21% in the last one month. The shares of this company have gained as much as 220% YTD.
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The shares were trading at Rs 219.70 on 11th July, 2023 which now has crossed the level of Rs 1,720. A tremendous rise has been seen in the last one year. Shares have delivered multibagger returns of 673% in the last one year.
About the Company
GE T&D India leading power supply chain Company. The company has a wide range of businesses engaged in producing and supplying power transformers, circuit breakers, gas insulated switchgears, instrument transformers etc.
The company has a market cap of Rs 43,052.94 crore. Promoters hold the majority of the stake in this company with 75%. It had registered a strong profit growth in the last year with 97%.
Investors must keep this Large-cap power stock under the radar.
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