GE Power India is currently trading at Rs. 423.95, down by 8.40 points or 1.94% from its previous closing of Rs. 432.35 on the BSE.
The scrip opened at Rs. 422.00 and has touched a high and low of Rs. 432.00 and Rs. 420.00 respectively. So far 338 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 850.00 on 27-Sep-2019 and a 52 week low of Rs. 362.95 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 475.80 and Rs. 413.00 respectively. The current market cap of the company is Rs. 2841.37 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 19.72% and 11.32% respectively.
General Electric Company (GE), the Ultimate holding company of GE Power India, is intending to exit the new build coal power market, subject to applicable consultation requirements. GE’s Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for publicly held subsidiaries. GE will continue to focus on and invest in its core renewable energy and power generation businesses, working to make electricity more affordable, reliable, accessible, and sustainable. GE Steam Power will continue to deliver turbine islands for the nuclear market and service existing nuclear and coal power plants.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
