
Up 50% in May! This T&D stock jumps another 5% to hit new record high. Is it in your portfolio?
The surge in demand for the stock came after the company's March quarter results beat Street estimates, helping it maintain a steady upward trend despite sharp volatility in frontline indices.
Domestic brokerage firms have also raised their target prices for the stock, lending further support to GE Vernova T&D India's ongoing rally. Since the release of its Q4 numbers on May 23 (post-market hours), the stock has jumped 24% in just four trading sessions and has gained 50% in May so far.
For the quarter ended March, the company reported a nearly three-fold jump in net profit to ₹ 186.49 crore, driven by a sharp rise in revenue, which surged to ₹ 1,173.65 crore from ₹ 919.31 crore a year earlier.
For FY25, net profit and revenue grew by 235% and 35.5%, reaching ₹ 608 crore and ₹ 4292 crore, respectively. Operating profit margin for Q4FY25 surged to 21.9%, compared to 12.1% in the same quarter last year, with FY25 closing at a robust 19.1% versus 10.1% in FY24.
In terms of order inflows, the company secured ₹ 30 billion worth of new orders in Q4 — a 125% year-on-year increase — pushing its total order backlog to ₹ 127 billion. This is nearly three times FY25 sales and ensures revenue visibility for the next three to four years.
Following GE Vernova T&D India's strong March quarter results, brokerages have revised their target prices upward. Japanese brokerage firm Nomura raised its target price to ₹ 2,600, up from the earlier ₹ 2,500, while maintaining its 'Buy' recommendation.
Domestic brokerage Nuvama Institutional Equities also raised its target price to ₹ 2,250 per share, retaining a 'Buy' rating. However, the stock has already surpassed this target during its recent rally.
Nuvama highlighted that the company's consistent base order inflow growth of 20–25% per annum, combined with HVDC optionality and sustained operating profit margins of 19.1% in FY25, remains a key growth driver.
The brokerage also pointed to a significant rise in exports, which have increased to approximately 30%, up from 20% two to three years ago. This growth is attributed to larger orders from GE's global group entities and international clients across Europe, the Middle East, Southeast Asia, LATAM, and Australia.
This export momentum is in addition to India's ongoing transmission and distribution (T&D) investment cycle, with the Central Electricity Authority (CEA) planning to spend ₹ 9.15 trillion over FY22–32, including 8–9 HVDC projects.
Of these, equipment orders for at least two HVDC projects are expected within the next 12 months — a development that could position GE Vernova as a major beneficiary in the high-voltage and extra-high-voltage (HV/EHV) segment (220 kV and above), the brokerage added.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 hours ago
- Time of India
7 surprisingly well-paying jobs young Americans are avoiding: Here's why
A hefty paycheck isn't always enough to attract the next generation of workers. For many young Americans, job satisfaction hinges on more than money—it's about flexibility, meaning, social respect, and work-life balance. That's why several solid-paying careers are being overlooked, not because of low income, but due to how they're perceived. Here's a closer look at seven surprisingly well-paying jobs that young workers are increasingly steering clear of—and the reasons behind their hesitations. Factory work Today's factories are cleaner, safer, and often tech-driven—with automation, robotics, and strong benefits. Skilled roles in manufacturing can lead to stable careers with high earning potential. So why the avoidance? Many young Americans still associate factory work with physical exhaustion, outdated settings, or jobs lacking creativity. Even though the reality has changed, the perception hasn't caught up. Retail Management Retail managers earn decent salaries and often receive health coverage, bonuses, and career advancement opportunities. It's a solid leadership position that doesn't necessarily require a college degree. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gentle Japanese hair growth method for men and women's scalp Hair's Rich Learn More Undo So why the avoidance? Irregular schedules, weekend shifts, and demanding customer interactions make it a high-stress environment. For a generation that prioritizes personal time and emotional well-being, the trade-off doesn't feel worth it—even with the paycheck. Sales Sales roles, especially in sectors like real estate or software, can be financially rewarding. Top performers often enjoy large bonuses, autonomy, and travel opportunities. So why the avoidance? Younger workers tend to prefer income stability over commission-based uncertainty. Cold calling, quotas, and the pressure to constantly hustle create a culture that feels incompatible with their desire for balanced, less anxiety-inducing careers. Fast Food Management Managing a fast food outlet can bring in over $50,000 annually, with potential bonuses, health benefits, and upward mobility within the chain. So why the avoidance? Despite the solid earnings, the social stigma attached to working in fast food—especially in a leadership role—remains strong. Many dismiss it as a 'fallback' job rather than a viable long-term career. Postal Work Postal service roles come with federal benefits, job security, and a pension. For decades, they were considered a reliable middle-class path. So why the avoidance? Younger workers see the job as physically draining and lacking excitement. The idea of repetitive tasks and little variation makes postal work feel stuck in the past, even if the paycheck and stability are enviable. Skilled Trades Plumbers, electricians, welders, and HVAC techs can earn more than many college grads, with low student debt and high demand. So why the avoidance? Trade work is still fighting a cultural image problem. Many young people are pushed toward four-year degrees and desk jobs, while blue-collar work is unfairly labeled as less 'prestigious,' despite its strong financial upside. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!


Mint
3 hours ago
- Mint
Who is Rani Kapur? Late Sunjay Kapur's mother who sought delay in Sona Comstar AGM
A month and half after Sona BLW's Chairman Sunjay Kapur death, his mother Rani Kapur has written a letter to the Sona Comstar Board and sought deferment of the Annual General Meeting scheduled for 25 July. Not only this, Rani Kapur has also alleged in the letter about alleged coercion, misuse of documents, and attempts to usurp family legacy after her son's death. 'Rani Kapur is the head of the Kapur family and head of the Sona group. While she is recovering from the death of her only son, a few events have unfolded that have created some apprehensions for Rani Kapur ji in terms of not just how the death occurred, but also in terms of the legacy,' her lawyer Vaibhav Gaggar had said, while speaking to reporters. Rani Kapur is the widow of late Surinder Kapur, founder of Sona Group. He was instrumental in setting up India's auto component industry following Japanese auto maker Suzuki Motor decided to locally make its small car in 1983 – Maruti Suzuki. With son Sunjay Kapur taking over as the Managing Director of Sona BLW Precision Forgings after Surinder Kapur's death, Rani served as the Chairperson of the company and the sole beneficiary of Surinder Kapur's estate, MoneyControl quoted the letter as saying. Rani Kapur and the RK family trust is a promoter group to the company, and she owns 72 shares in the company, shows the latest data on Sona BLW's shareholding pattern. In the letter, Rani Kapur alleged that late billionaire industrialist Sunjay Kapur's death – reported as a cardiac arrest – during a polo match is being wrongly labelled. "For my client, as a mother, it's deeply painful to watch this being dismissed as a mere freak accident and cardiac arrest. The truth doesn't match the headlines," PTI quoted her legal counsel, senior advocate Vaibhav Gaggar, as saying. "She would not stay silent until that truth is acknowledged," he added. Also, Rani alleged that she was coerced into signing certain documents under distress after her son's death. Though sha has is not presently pursuing legal proceedings, she has sought a deferment of the proposed AGM and reserves all her rights, her counsel said. Earlier on 12 June, Sunjay Kapur reportedly died after suffering a heart attack while playing polo in London. His final rites were performed at the Lodhi Road Cremation Ground in South Delhi on 19 June. The late Chairman of Sona Comstar married Karisma Kapoor in 2003 and are parents to their daughter, Samaira, in 2005 and their son, Kiaan, in 2011. Sanjay and Karishma's divorce was finalised in 2016. Sanjay later married Priya Sachdev and they have a son Azarias.


Business Standard
3 hours ago
- Business Standard
Japanese markets end lower after gaining for two days
Japanese markets fell notably after two days of strong gains on U.S.-Japan trade deal optimism. The Nikkei average dropped 0.88 percent to 41,456.23 while the broader Topix index, which hit a record high the previous day, closed 0.86 percent lower at 2,951.86. Industrial robot maker Yaskawa Electric slumped 6 percent to snap a three-day winning streak. Mitsubishi Motors plummeted almost 8 percent after first-quarter operating profit fell short of projections. The yen declined as data showed Tokyo CPI inflation eased more than expected in July, complicating the Bank of Japan's interest-rate hike prospects. Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said on Friday. On a monthly basis, producer prices slipped 0.1 percent for the second straight month.