Neutral impactResults
GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target price
Economic Times 57 min ago·8 Sept 2026, 4:15 am
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.
Affected stocks
Neutral1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Power Grid Corp (POWERGRID).
- Category: Results.
Why it matters
A routine update for Power Grid Corp. Use the price and stock snapshot to gauge how the market is responding.
