Power stock rises 5% despite large share sale
pre-market1 source ↓written by the desknot a recommendation
- to ₹3
- 5%
- sold
- 52.48 lakh shares
- valued
- ₹73,955 cr
- return
- 2,794%
- against an industry
- 79.8
Shares of GE Vernova T&D India Ltd surged 5% to ₹3,012 today, despite 52.48 lakh shares sold via a block deal by BNP Paribas Financial Markets and a hedge fund. The company, valued at ₹73,955 cr, has delivered a 2,794% return over the last five years, trading at a PE of 79.8 against an industry average of 47.1.
Not investment advice. For informational purposes only.