GE Vernova’s impressive turnaround has stretched the stock’s valuation
GE Vernova T&D India Ltd stock has staged an impressive comeback. In just two months, shares of the power transmission and distribution company have surged to around ₹2,310 from a 52-week low of ₹1,254 on 9 April.
Strong order inflows and higher-than-anticipated improvement in profitability seem to have powered this turnaround. Order inflows in the March quarter (Q4FY25) jumped 124% year-on-year to nearly ₹3,000 crore, backed by healthy ordering momentum in the domestic power sector. With this, order inflows for FY25 rose 85% year-on-year to ₹10,800 crore.
Record order backlog
The order backlog, at ₹12,700 crore, hit a record high in FY25 and the…
