GE Vernova T&D India Ltd. has secured a Rs 500-crore order from Power Grid for the supply and installation of transformers and reactors under a bulk procurement deal, according to an exchange filing on Tuesday.
Share of GE Vernova rose as much as 5% during the day to Rs 1,377.40 apiece on the National Stock Exchange. It closed 3.74% higher at Rs 1,360.90 per share, compared to a 0.17% decline in the benchmark Nifty. The share price has advanced 45.45% in the last 12 months.
Five out of the six analysts tracking the company have a 'buy' rating on the stock and one suggests 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 49.7%.
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