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.
Comments