The shares of the thermal and hydropower plant operator gained up to 4 percent after the company received the purchased order for the Supply of Boiler spares & Services for ESP worth Rs 3.83 crore.
GE Power India Ltd has a market capitalization of Rs 3,428.60 crore, the shares were trading at Rs 512.00 per share, increasing around 3.35 percent as compared to the previous closing price of Rs 495.40 apiece.
Reason for rise:-
Today, the shares of the company have seen positive movement after GE Power India Ltd received two purchased orders for the Supply of Boiler spares & Services for ESP worth Rs 3.83 crore from Torrent Power Limited and NTPC Limited respectively.
Financial Analysis:-
Looking at the company’s financials, GE Power India Ltd’s sales increased by 14 percent from Rs 344 crore in Q4FY23 to Rs 391 crore in Q4FY24. During the same time frame, net profit increased by 120% from a loss of Rs 130 crore to a profit of Rs 120 crore.
Also read
Order book:-
The business has a backlog of orders of Rs 3,437 crores. In Q3FY23, the business received 62% of orders from private organizations and 38% from public corporations. By Q3FY24, the ratio had switched to 60:40, with more orders coming from government-owned enterprises.
Remarkable return:-
The stock has delivered a return of 70.88 percent in the last six months and a multi-bagger return of 220.29 percent in a year. A shareholder’s investment of Rs. 1 Lakh in the company would be worth Rs. 3.16 Lakh in a year.
Shareholding pattern:-
In the company’s recent shareholding pattern, Foreign Institutional Investors own 68.58 percent while Retail shareholders own a 27.65 percent stake in the company, and Foreign Institutional Investors own a 0.39 percent stake.
Company profile:-
GE Power India Limited is an India-based firm that renovates and modernizes existing power plants, mostly thermal power plants. They also supply, build, operate, and maintain thermal power plants.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
