Latest news with #GEVernovaT&DIndia
Mint
6 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 4 June 2025
Breakout stocks buy or sell: Indian stock markets closed in the red on Tuesday, as both the Sensex and Nifty 50 extended their losing streak to a third straight session. By the close of trading, the BSE Sensex had dropped 636.24 points, or 0.78%, settling at 80,737.51. Meanwhile, the NSE Nifty 50 slipped 174.10 points, or 0.70%, to end at 24,542.50. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above 24,500. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200 levels. On the upper side, the 50-stock index is facing hurdle at 24,800. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — Deepak Frtlsrs and Ptrchmcls Corp, Authum Investment & Infrastructure, GE Vernova T&D India, Signatureglobal (India), and India Cements. 1] Deepak Frtlsrs and Ptrchmcls Corp: Buy at ₹ 1540.10, target ₹ 1663, stop loss ₹ 1486; 2] Authum Investment & Infrastructure: Buy at ₹ 2473.6, target ₹ 2647, stop loss ₹ 2387; 3] GE Vernova T&D India: Buy at ₹ 2340.10, target ₹ 2504, stop loss ₹ 2258; 4] Signatureglobal (India): Buy at ₹ 1258.7, target ₹ 1360, stop loss ₹ 1214; 5] India Cements: Buy at ₹ 351.7, target ₹ 380, stop loss ₹ 339. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Mint
29-05-2025
- Business
- Mint
Up 50% in May! This T&D stock jumps another 5% to hit new record high. Is it in your portfolio?
GE Vernova T&D India share price in focus: Extending its winning streak for the sixth straight session, GE Vernova T&D India's share price surged another 5% in intraday trade on Thursday, May 29, touching a new record high of ₹ 2,334 apiece. This took the six-day cumulative gain to 29%. The surge in demand for the stock came after the company's March quarter results beat Street estimates, helping it maintain a steady upward trend despite sharp volatility in frontline indices. Domestic brokerage firms have also raised their target prices for the stock, lending further support to GE Vernova T&D India's ongoing rally. Since the release of its Q4 numbers on May 23 (post-market hours), the stock has jumped 24% in just four trading sessions and has gained 50% in May so far. For the quarter ended March, the company reported a nearly three-fold jump in net profit to ₹ 186.49 crore, driven by a sharp rise in revenue, which surged to ₹ 1,173.65 crore from ₹ 919.31 crore a year earlier. For FY25, net profit and revenue grew by 235% and 35.5%, reaching ₹ 608 crore and ₹ 4292 crore, respectively. Operating profit margin for Q4FY25 surged to 21.9%, compared to 12.1% in the same quarter last year, with FY25 closing at a robust 19.1% versus 10.1% in FY24. In terms of order inflows, the company secured ₹ 30 billion worth of new orders in Q4 — a 125% year-on-year increase — pushing its total order backlog to ₹ 127 billion. This is nearly three times FY25 sales and ensures revenue visibility for the next three to four years. Following GE Vernova T&D India's strong March quarter results, brokerages have revised their target prices upward. Japanese brokerage firm Nomura raised its target price to ₹ 2,600, up from the earlier ₹ 2,500, while maintaining its 'Buy' recommendation. Domestic brokerage Nuvama Institutional Equities also raised its target price to ₹ 2,250 per share, retaining a 'Buy' rating. However, the stock has already surpassed this target during its recent rally. Nuvama highlighted that the company's consistent base order inflow growth of 20–25% per annum, combined with HVDC optionality and sustained operating profit margins of 19.1% in FY25, remains a key growth driver. The brokerage also pointed to a significant rise in exports, which have increased to approximately 30%, up from 20% two to three years ago. This growth is attributed to larger orders from GE's global group entities and international clients across Europe, the Middle East, Southeast Asia, LATAM, and Australia. This export momentum is in addition to India's ongoing transmission and distribution (T&D) investment cycle, with the Central Electricity Authority (CEA) planning to spend ₹ 9.15 trillion over FY22–32, including 8–9 HVDC projects. Of these, equipment orders for at least two HVDC projects are expected within the next 12 months — a development that could position GE Vernova as a major beneficiary in the high-voltage and extra-high-voltage (HV/EHV) segment (220 kV and above), the brokerage added. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
27-05-2025
- Business
- Yahoo
Energy Transition Update - Norway's Renewable Energy Policies Revealed Key Insights
The "Norway Renewable Energy Policy Handbook 2025" report provides comprehensive insights into Norway's legislative and strategic frameworks for promoting renewable energy. It outlines the policy measures and incentives implemented at both national and regional levels, detailing specific targets, plans, and frameworks designed to enhance renewable energy development. The handbook highlights various renewable energy technologies, including their growth potential within the country, and discusses opportunities and challenges in leveraging these technologies. Readers can utilize this information to support strategic decision-making, remain informed about policy changes, and compare levels of support provided to different renewable technologies across Norway. In other market news, was a standout up 10% and ending the day at ₹2,072.70. In the meantime, softened, down 3.6% to finish the session at CN¥83.30. Act fast as GE Vernova T&D India's expansion into export markets can bolster revenue; click here to explore the detailed narrative on the company's potential. You may want to read our Market Insights article titled "Automakers Caught In The Tariff Crossfire," where we explored how unpredictable tariffs impact automakers' investment in electric vehicles—dive in before the market shifts again. settled at $158.38 up 1.3%. settled at $136.54 up 0.9%, close to the 52-week low. ended the day at $339.34 down 0.5%. Click through to start exploring the rest of the 150 Energy Transition Stocks including JSW Energy, Southern and Industrias Peñoles. de now. Ready To Venture Into Other Investment Styles? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Norway Renewable Energy Policy Handbook 2025: Understand Targets, Frameworks, and Technology-specific Incentives" from Research and Markets on GlobeNewswire (published 23 May 2025) Companies discussed in this article include BSE:522275 NasdaqGS:FSLR NYSE:CVX NasdaqGS:TSLA and SHSE:605117. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Standard
26-05-2025
- Business
- Business Standard
GE Vernova hits the roof after Q4 PAT soars 181% YoY to Rs 187 cr
GE Vernova T&D India hit an upper circuit of 10% at Rs 2,072.70 after the company's standalone net profit surged 181.3% to Rs 186.50 crore on a 26.15% jump in revenue from operations to Rs 1,152.54 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) grew sharply by 153.13% to Rs 256.12 crore in Q4 FY25, against Rs 101.18 crore in the corresponding quarter last year. EBITDA stood at Rs 252.1 crore, marking a 127.12% jump from Rs 111 crore reported in Q4 FY24, driven by higher operational efficiency and robust execution. Order bookings during the quarter stood at Rs 2.99 crore, more than doubling from Rs 1.33 crore in the year-ago quarter a growth of 124%. On a full-year basis, the company's net profit surged 236% to Rs 608.33 crore on a 35.9% rise in revenue to Rs 4,292.30 crore in FY25 over FY24. Sandeep Zanzaria, managing director & CEO, GE Vernova T&D India, said, Our robust performance in FY24-25 with a strong order book and significant margin expansion reflects continued robust demand for our technology as India modernizes its power infrastructure. It also speaks to our unwavering commitment to operational efficiency and the significant potential we have for business growth. As we enhance our electrification manufacturing and engineering capabilities, we are firmly positioning the company to contribute significantly to building a more reliable and modern grid for India. Meanwhile, the board has recommended a final dividend of Rs 5 per equity share (250% on a face value of Rs 2) for the financial year ended 31 March 2025, subject to shareholder approval at the forthcoming annual general meeting (AGM). If approved, the dividend will be paid or dispatched within 30 days from the date of the AGM. GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. It offers products ranging from medium voltage to ultra-high voltage (1200 kV) for the power generation, transmission, and distribution industry.
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Business Standard
26-05-2025
- Business
- Business Standard
GE Vernova T&D India freezes in 10% upper limit today; key details inside
GE Vernova T&D India share price: Electric services company GE Vernova T&D India shares were in demand on Monday, May 26, 2025, with the stock hitting 10 per cent upper circuit at Rs 2,072.70 per share. What sparked the rally in GE Vernova share price? GE Vernova T&D India share price climbed after the company posted strong results in the March quarter of financial year 2025 (Q4FY25). The company's profit after tax (PAT) nearly tripled to Rs 186.5 crore in the March quarter of FY25, from Rs 66.3 crore in the March quarter of FY24. GE Vernova T&D India's revenue stood at Rs 1,150 crore, up 26 per cent year-on-year (Y-o-Y), from R 910 crore in the same quarter last year. Notably, its order bookings climbed 124 per cent Y-o-Y to Rs 2,990 crore, Rs 1,330 crore in Q4FY24. 'Our robust performance in FY25 with a strong order book and significant margin expansion reflects continued robust demand for our technology as India modernizes its power infrastructure. It also speaks to our unwavering commitment to operational efficiency and the significant potential we have for business growth. As we enhance our electrification manufacturing and engineering capabilities, we are firmly positioning the company to contribute significantly to building a more reliable and modern grid for India,' said Sandeep Zanzaria, managing director and CEO of GE Vernova T&D India. GE Vernova T&D India dividend GE Vernova T&D India Board of Directors has recommended a final dividend at 250 per cent i.e. Rs 5 per equity share (face value of Re 2 each) for the financial year 2025, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. About GE Vernova T&D India GE Vernova T&D India Ltd is the listed entity of GE Vernova's Electrification segment in India. With over 100 years of presence in the country, GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, and a wide range of products including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. With five manufacturing sites, GE Vernova T&D India is future ready to meet the industry's growing demand for grid equipment and services.
