Shares of GE Vernova T&D India rallied more than 7% in Wednesday’s trade after brokerage firm Motilal Oswal Financial Services maintained its ‘Buy’ rating on the stock and raised the target price to ₹5,200 from ₹4,750, citing strong margin performance and robust growth visibility.
At 10:52 AM, GE Vernova T&D India shares were trading sharply higher after touching an intraday high of ₹4,799.90, close to their 52-week high of ₹4,849. The stock opened at ₹4,450 against the previous close of ₹4,385.30. The day’s low stood at ₹4,414.30, while live traded volume crossed 11.54 lakh shares.
Motilal Oswal bullish on GE Vernova T&D India
According to Motilal Oswal, the company’s revenue performance for the quarter came broadly in line with estimates, while profitability exceeded expectations due to strong margin expansion.
The brokerage highlighted that the domestic transmission pipeline continues to remain healthy, supported by strong power infrastructure spending and grid expansion opportunities in India.
It also pointed out that the execution timeline of the recently secured HVDC order remains a key monitorable for investors going ahead.
Export opportunities remain strong
Motilal Oswal said export opportunities for GE Vernova T&D India remain robust, driven by rising global demand for HVDC infrastructure and increasing investments in data centers.
The brokerage further noted that the company’s capex plans are aligned with catering to strong domestic as well as export demand, which is expected to support future growth.
Following the strong operational performance, Motilal Oswal raised its earnings estimates for FY27 and FY28 by nearly 7% and 8%, respectively.
Strong earnings growth outlook
The brokerage expects GE Vernova T&D India to deliver revenue, EBITDA and profit after tax CAGR of nearly 29%, 31% and 31%, respectively, over FY26-FY28.
The improved earnings outlook and sustained demand momentum in the transmission and power infrastructure segment boosted investor sentiment, leading to sharp buying interest in the stock during the session.