GE T&D India advances after reporting strong Q4 results

GE T&D India jumped 5.87% to Rs 360.80 at 12:16 IST on BSE after net profit spurted 70.9% to Rs 46.12 crore on 26.9% increase in net sales to Rs 1196.25 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 24 May 2017.

Meanwhile, the S&P BSE Sensex was up 184.77 points, or 0.61% at 30,486.41. The S&P BSE Mid-Cap index was up 91.58 points, 0.65% at 14,129.28.

On the BSE, 13,000 shares were traded on the counter so far as against the average daily volumes of 30,995 shares in the past one quarter. The stock had hit a high of Rs 357.95 and a low of Rs 345.05 so far during the day.

The stock had hit a 52-week high of Rs 384 on 17 May 2017 and hit a 52-week low of Rs 277.05 on 7 March 2017. The stock had underperformed the market over the past one month till 24 May 2017, gaining 0.98% compared with the Sensex's 2.18% rise. The scrip had, however, outperformed the market over the past one quarter advancing 12.59% as against the Sensex's 4.88% 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 board recommended a dividend of Rs 1.80 per share for the year ended March 2017.

GE T&D India is engaged in offering switchgear of all types, control panels, power transformers, electrical substation projects and services.

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