Stocks

GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target price

GE Vernova T&D India shares rose after the company emerged as the lowest bidder for a 6,000 MW HVDC project from Power Grid. Nomura raised its target price to Rs 6,000, while Emkay retained its Buy rating with a Rs 5,300 target price. Both brokerages highlighted strong prospects in the transmission sector, capacity expansion, robust cash flows, and healthy earnings growth.

This headline is shared for investor awareness. Read the full report on the publisher's website.