673% Rise in 1 Year: Why this power transmission firm hit 52-week high; know its share target price and stop loss

GE T&D India at 52-week high, bse: GE T&D India Ltd shares hit a 52-week high on BSE on Thursday (July 4, 2024) after the large-cap power transmission company received two orders worth Rs 809 crore.  

GE T&D India that closed the previous session at Rs 1,641.50 started the trading session on Thursday at Rs 1,723.55, a 5 per cent jump from the previous close.

The stock of the large-cap company was trading higher by 3.26 per cent, or Rs 53.50, at Rs 1,695.00 at 11:24 am on Thursday.

GE T&D India Ltd's 2 orders

The large-cap firm has received two orders worth Rs 809 crore from the group company.

It has got one order from Grid Solutions Middle East FZE, Dubai, for the supply and supervision of high voltage products.

The order is worth Rs 26 million Euros and the duration to complete it is two years. 

The second order is from Grid Solutions SAS, France, for the supply and supervision of high voltage products. 

The order is worth Rs 64 million Euros and the duration to complete it is two years.

Nupur Jaikuniya's target for GE T&D India Ltd

Zee Business analyst Nupur Jaikuniya has asked to buy it in cash with a target price of Rs 1,721 and stop loss at Rs 1,620.

GE T&D India Ltd share price history

The stock of the power transmission and distribution firm has soared by 26.25 per cent in the one month, 185.83 per cent in the six months, and 673 per cent in the one year.