GE Power India shares hit over 8-year low, decline 35% in one month

The stock was down 5% at Rs 284, its lowest level since December 2011 on the BSE.

Shares of GE Power India hit an over eight-year low of Rs 284.50, down 5 per cent on the BSE on Wednesday on growth concerns.

The stock of the power generation equipment maker was trading at its lowest level since December 2011. In the past month, the stock has tanked 35 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex. The stock has corrected 65 per cent from its 52-week high level of Rs 821, touched in February 2020.

On September 21, 2020, General Electric Company (GE), the Ultimate holding company of GE Power India, announced