Shares of GE Vernova are expected to be in focus today. The stock last closed at ₹2,891.
Nomura has reiterated its buy rating on the stock and maintained a target price of ₹4,000 per share, citing improved long-term growth visibility following a major order win.
According to the brokerage, GE Vernova has secured the Khavda–South Olepad HVDC order, valued at approximately ₹10,000 crore. Nomura said the order significantly strengthens the company’s long-term revenue visibility and reinforces its position in the high-voltage direct current (HVDC) segment.
Nomura also believes the company is well positioned to secure one additional HVDC project by FY27, which could further support earnings growth. The brokerage highlighted enhanced export traction, supported by an upward revision in guidance by the parent company.
On the financial front, Nomura estimates an EPS CAGR of 41% over FY25–FY28. The brokerage noted that the stock currently trades at 54x FY27F earnings and 44x FY28F earnings, reflecting strong growth expectations.
Disclaimer: This article is based on a brokerage report. The views expressed are those of the brokerage and do not represent the views of this publication. This is not investment advice.
