GE T&D India Ltd shares: Shares of large-cap power transmission company GE T&D India Limited were in focus during trading today on Thursday. The company’s shares hit an upper circuit of 5% today. Shares of GE T&D India Limited had reached Rs 1723.55 today. This is also its 52 week high price. There is a big order behind this rise in shares.
What is the order?
Actually, the large-cap firm has received two orders worth Rs 809 crore. It has received an order from Grid Solutions Middle East FZE, Dubai for supply and supervision of high voltage products. The value of this order is 26 million euros and the completion period is two years. The second order is from Grid Solutions SAS, France for supply and supervision of high voltage products. The value of this order is 64 million euros and the completion period is two years.
IPO at 140% premium, created ruckus in gray market even before opening, price is ₹ 82
What is the target price?
According to a news from Zee Business, Nupur Jakunia has given a target price of Rs 1,721 on this share and has recommended buying it. Nupur has kept a stop loss of Rs 1,620 on this share. The stock of the power transmission and distribution firm has increased by 26.25% in one month, 185.83% in six months and 673% in one year.
Adani Group’s super plan to raise funds, will its shares also be affected?
stock market situation
Let us tell you that today on Thursday there was a rise in the stock markets and BSE Sensex rose by 63 points and closed above the new peak of 80,000 points. NSE Nifty also remained at record high. Amid positive trend in global markets, the market gained momentum mainly due to buying in companies having strong market share like ICICI Bank, Infosys and TCS. BSE Sensex based on 30 shares closed at a record 80,049.67 points with a gain of 62.87 points or 0.08 percent. At one time during trading, it had gone up by 405.84 points to 80,392.64 points. National Stock Exchange’s Nifty also closed at a new peak of 24,302.15 points with a rise of 15.65 points or 0.06 percent. During trading, it rose 114.5 points to 24,401.
