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GE T&D India slips on reporting 43% fall in Q2 net profit

11 Nov 2016 Evaluate

GE T&D India is currently trading at Rs. 330.50, down by 1.05 points or 0.32% from its previous closing of Rs. 331.55 on the BSE.

The scrip opened at Rs. 318.80 and has touched a high and low of Rs. 334.90 and Rs. 318.80 respectively. So far 1074 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 525.00 on 02-Dec-2015 and a 52 week low of Rs. 300.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 334.90 and Rs. 300.00 respectively. The current market cap of the company is Rs. 8475.14 crore.

The promoters holding in the company stood at 75.02%, while institutions and non-institutions held 16.03% and 8.95% respectively.

GE T&D India has reported 43.16% fall in its net profit at Rs 20.52 crore for the quarter under review as compared to Rs 36.10 crore for the same quarter in the previous year. Total income of the company decreased by 1.83% at Rs 921.18 crore for the quarter under review as compared Rs 938.32 crore for the corresponding quarter previous year.  

GE T&D India is engaged in power transmission and distribution. Its products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows, as well as operate efficient networks through information management.

Peers
Company Name CMP
Waaree Energies 2455.00
Apar Industries 17272.05
Havells India 1091.00
Suzlon Energy 39.68
Siemens 3798.90
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