🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Multibagger stock jumps 9% after receiving LoI worth ₹ 243.46 Cr from NTPC GE Power Services

Published 21-06-2024, 10:59 am
Multibagger stock jumps 9% after receiving LoI worth ₹ 243.46 Cr from NTPC GE Power Services
GEPO
-
NTPC
-

The shares of the small-cap stock jumped 9 percent after the company received a letter of intent from NTPC (NS:NTPC) GE Power Services Pvt. Limited worth Rs 243.46 crore.

With a market capitalization of Rs 2,757.67 crore, the shares of GE Power India Ltd were trading in green at Rs 408.35 per share, increasing around 4 percent as compared to the previous closing price of Rs 393.10 apiece.

Is GE Power India Ltd (NS:GEPO) a buy or sell? Click here to get an InvestingPro subscription for a special discount of 74% at an unbelievable price of only Rs 182 per month

The above link works best from a laptop/desktop and not apps.

According to the company filing, GE Power India Ltd received a letter of intent from NTPC GE Power Services Pvt. Limited worth Rs 243.46 crore for renovation and modernization of LMZ steam turbine of Wanakbori TPS Unit No. 1 (210MW) & Unit No. 2 (210 MW) for Heat Rate (Efficiency) improvement & life extension.

Examining to the company’s financial performance, revenue magnified by 13.4 percent from Rs 344.48 crore in Q4FY23 to Rs 390.76 crore in Q4FY24, but during the same time frame, net loss turned into a profit from Rs 129.7 crore to Rs 25.94 crore.

According to investor presentations, the company has a backlog of orders of Rs 3,437 crores. In Q3 FY23, the company got 62% of orders from private organizations and 38% from public enterprises. By Q3FY24, the ratio had shifted to 60:40, with increased orders from government-owned firms.

GE Power successfully repaired three 200MW steam turbines at NTPC-Ramagundam, meeting efficiency standards. This enables the power plant to operate more efficiently, decreasing coal use, costs per MW, and CO2 emissions. These attributes make coal power more reliable, cost-effective, and sustainable.

The stock has delivered a return of 85.11 percent in the last six months and a multi-bagger return of 146.50 percent in a year. An individual investment of Rs. 1 lakh in the company would be worth Rs. 2.46 lakh in a year.

GE Power India Limited is an India-based firm that specializes in the rehabilitation and upgrading of existing power plants, with a strong concentration on thermal power plants. It has also expanded into the delivery, installation, following operation, and maintenance of thermal power Plants.

Introducing InvestingPro

Through InvestingPro, you can beat the markets with premium insights:

  • Find Undervalued/Overvalued Stocks: Reveal the unbiased Fair Value of any stock based on 1,200+ premium metrics, covering 180,000+ companies worldwide.
  • Instant Financial Bottom Line: Make fully-informed investing decisions with ProTips, bite-size insights that flag risks and rewards on any stock.
  • Get AI-Enhanced Stock Picks: Receive regularly updated ProPicks for any investing strategy, each with a proven track record to beat the S&P 500
  • Boost Your Picks with Data: Instantly see a company's long-term sustainability and Financial Health to know if it's truly a solid investment.
  • Always Pick the Winner: Make instant Peer Comparisons based on over a dozen valuation benchmarks to ensure you always select a top dog.

Now, coming to the great news! For the benefit of our users, we have reduced the prices on all of our Pro and Pro+ plans by almost 74% for a limited period.

Click here to get an InvestingPro subscription for a special discount of 74% at an unbelievable price of only Rs 182 per month

The above link works best from a laptop/desktop and not apps.

Written by:- Abhishek Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Multibagger stock jumps 9% after receiving LoI worth ₹ 243.46 Cr from NTPC GE Power Services appeared first on Trade Brains.

Read More

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.