GE T&D India gains after strong Q2 results

GE T&D India rose 1.67% to Rs 408 at 15:23 IST on BSE after net profit surged 131.6% to Rs 47.52 crore on 4.2% increase in net sales to Rs 869.95 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 2 November 2017.

Meanwhile, the S&P BSE Sensex was up 124.07 points, or 0.37% to 33,697.29.

On the BSE, 2.68 lakh shares were traded in the counter so far, compared with average daily volumes of 28,907 shares in the past one quarter. The stock had hit a high of Rs 460 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 405.20 so far during the day. The stock 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 2 November 2017, rising 3.16% compared with 6% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 7.72% as against Sensex's 3.86% rise. The scrip had also outperformed the market in past one year, rising 23.71% as against Sensex's 22.39% rise.

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

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

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