Power Transmission and Distribution Company Bags Order Worth 64 million Euros: Stock Gains Over 670 per cent in Just 1 Year

The company’s shares have delivered an impressive return of over 180 per cent in the past 6 months only.

GE T&D India Limited is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting power generation sources to the grid and evacuating power from them.

GE T&D India Limited has been awarded an order from Grid Solutions SAS, France, for the supply and supervision of high-voltage products. The contract is scheduled to be executed over a period of 2 years, with a significant value of 64 million Euros.

GE T&D India Limited shares closed the day at Rs 1690.15 per share. The company’s current market capitalization stands at Rs 43275.71 crore. The stock has delivered a return of over 665 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, GE T&D India Limited recorded a revenue of Rs 914 crore. The operating profit for Q4 FY24 stood at Rs 111 crore. The net profit for Q4 FY24 was Rs 66 crore. Looking at the annual performance, the company generated a revenue of Rs 3168 crore in FY24, compared to Rs 2773 crore in FY23. The operating profit for FY24 was Rs 319 crore, with a net profit of Rs 181 crore.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.