Small-cap hidden gem rallies over 8% after securing multiple orders!

Today, the GE Power India share price zoomed over 8.52%, with the company’s current market capitalization standing at Rs 1,935.82 crore.

Share Performance:

On Monday, the stock opened at Rs 273.75, with the previous closing being Rs 265.35. The 52-week high and low are Rs 323.95 and Rs 98.90, respectively.

Recent Development:

GE Power India has secured a contract from Hindustan Zinc Limited to provide a boiler firing system for their facility in Chanderiya, Rajasthan. The contract, valued at Rs 8.75 crore, is expected to be completed within 12 months.

Additionally, GE Power India has also been awarded a contract from NTPC Limited This contract involves supplying generator spares for NTPC Tanda and turbine blades for NTPC Nabinagar. The contract, valued at Rs 24 crore, is scheduled to be executed over a period of 15 months.

About the Company:

GE Power India Ltd specializes in the engineering, procurement, and construction (EPC) of essential equipment for thermal and hydro power plants. As a prominent player in the Indian power generation equipment market, the company holds a leading position in the industry.

Business Development:

In terms of product distribution, GE Power India Ltd primarily focuses on construction, which constitutes 86.55% of its business, followed by architectural and engineering services at 7.33%, and boilers at 5.66%. The remaining 0.02% is attributed to installation, maintenance, and repair services.

Geographically, the company’s operations are predominantly centered in India, which accounts for 90.22% of its business. The rest of the world comprises the remaining 9.78% of its operations.

Shareholding Pattern:

Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 177% in the last one year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.