BUZZ-GE Vernova T&D India jumps on Q3 profit surge
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Shares of GE Vernova T&D India surged 8.8% to 3,162 rupees following a 17.1% increase in Q3 profit, reaching 2.91 billion rupees, with revenue up 58% year-on-year. The company reported a 41% rise in Q3 order bookings at 29.4 billion rupees. PhillipCapital noted strong order momentum, particularly in central utilities and the Tariff Based Competitive Bidding pipeline, indicating a robust outlook for FY27. Analysts maintain a "Buy" rating, with a median price target of 3,680 rupees.
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