GE T&D India tumbles after reverse turnaround in Q1

GE T&D India lost 3.94% to Rs 321 at 10:44 IST on BSE after the company reported net loss of Rs 197.41 crore in Q1 June 2016 compared with net profit of Rs 10.15 crore in Q1 June 2015.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 12,243 shares in the past one quarter. The stock hit a high of Rs 329.30 and a low of Rs 317.60 so far during the day. The stock had hit a 52-week low of Rs 313.55 on 1 September 2016.

The stock had hit a 52-week high of Rs 568.70 on 9 September 2015. The stock had underperformed the market over the past one month till 7 September 2016, sliding 3.87% compared with 3.02% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.93% as against Sensex's 7.1% rise.

The mid-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2. GE T&D India's net sales rose 11.6% to Rs 854.56 crore in Q1 June 2016 over Q1 June 2015.

GE T&D India (formerly Alstom T&D India) is a leading player in the power transmission business. It has a predominant presence in all stages of the power supply chain.