GE T&D India gets energised after stellar Q3 outcome

GE T&D India surged 5.64% to Rs 409.20 at 12:15 IST on BSE after net profit jumped 61.97% to Rs 71.77 crore on 27.11% increase in total income to Rs 1543.65 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 7 February 2018.

Meanwhile, the S&P BSE Sensex was up 426.44 points, or 1.25% to 34,509.15. The S&P BSE Mid-Cap index was up 288.59 points, or 1.76% to 16,639.33.

On the BSE, 18,000 shares were traded in the counter so far, compared with average daily volumes of 35,691 shares in the past one quarter. The stock had hit a high of Rs 415 and a low of Rs 394.10 so far during the day. The stock hit a 52-week high of Rs 472.50 on 4 January 2018. The stock hit a 52-week low of Rs 277.05 on 7 March 2017.

The stock had underperformed the market over the past 30 days till 7 February 2018, sliding 13.48% compared with the Sensex's 1.05% fall. The scrip had also underperformed the market over the past one quarter, declining 3.3% as against the Sensex's 2.5% rise. The scrip, however, outperformed the market over the past one year, surging 25.27% as against the Sensex's 20.48% rise.

The mid-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2.

GE T&D India (formerly ALSTOM T&D India) is a leading player in the power transmission and distribution business with a product portfolio ranging from medium voltage to ultra high voltage (1200 kV) for power generation, utility, industry and infrastructure markets.

Powered by Capital Market - Live News