GE Vernova T&D India's Order Potential Bodes Well for Earnings Outlook -- Market Talk

Dow Jones12:29

0429 GMT - GE Vernova T&D India's long-term earnings growth outlook is strongly constructive, Nomura analysts say in a research report. The company seems well-placed to secure at least one additional domestic high-voltage direct current project over the next 12-18 months, the analysts say. This view is partly supported by substantial expansion of the company's existing capacities with strategic focus on higher localization of HVDC components. Also, traction on large orders from its parent company has strengthened meaningfully. Nomura increases its FY 2028 EPS forecast for the company by 3%, and raises the stock's target price to INR4,000.00 from INR3,700.00 with an unchanged buy rating. Shares are 0.5% higher at INR3,114.00. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

December 22, 2025 23:29 ET (04:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment