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GE Vernova T&D India Shares: Nomura Target ₹6,000

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GE Vernova T&D India shares surge after major HVDC order • Source: Money control
Source : Money Control

मुख्य बिंदु

  • GE Vernova T&D India Shares: Nomura Target ₹6,000 पर विस्तृत जानकारी और ताज़ा अपडेट।
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GE Vernova T&D India Shares: Stock Jumps 8%, Nomura Raises Target to ₹6,000

GE Vernova T&D India shares climbed almost 8% after the firm secured a key HVDC order linked to Power Grid. In early trade on Tuesday, September 8, the power equipment maker gained on news of the High Voltage Direct Current project win. After that, broker firms such as Nomura and Citi kept a positive view and revised their outlook for future earnings. The shares were up 7.6% to about ₹4,700. That move also put the stock at the top spot among midcap shares. On Monday, the script had ended up 1.4% at ₹4,367.20. This latest jump has pushed the stock’s performance in 2026 to roughly 48%. In the same stretch, the Nifty 50 has slipped by around 9%. Using Monday’s close, the company’s market value was near ₹1.12 lakh crore.

Nomura has lifted its price target for GE Vernova T&D India to ₹6,000

The brokerage kept a Buy rating. It now sees room for growth of about 37% compared with Monday’s closing price. Nomura pointed to a large order win. Power Grid Corporation is the customer in that deal. The new project should add to the company’s order book. It may also help bring more clarity on future sales and profit. Nomura said the HVDC job matters because of its size. It could also open longer term business chances for GE Vernova T&D India. In the note, the brokerage estimated the project value could reach roughly ₹13,000 crore.

GE Vernova T&D India said it has secured Power Grid’s 800 kV HVDC LCC job for the Barmer II to South Kalamb corridor. The company expects the work to support India’s fast-growing transmission buildout. HVDC lines are designed to move big blocks of electricity across long stretches. They are often chosen when efficiency matters over distance. As power use rises in India and more money is put into grid upgrades, deals like this can open doors for firms in the same space. GE Vernova T&D India added that income from this order should start in FY29. So the cash impact may feel delayed at first and show up more clearly in the next few years.

Citi expects a 25% jump in earnings for FY29.

The bank kept its “Buy” view on GE Vernova T and D India. It also set a share target at ₹5,400. Citi said the new 800 kV HVDC LCC work may matter a lot for the firm’s results. It expects FY29 EBITDA and EPS to rise by about 25% due to this project. Citi added that Hitachi Energy India was linked to the same project before. It pointed to that history as proof of how tough the race is for big HVDC deals in India.

Shares keep beating the broader market

GE Vernova T&D India shares jumped hard, and the move looks tied to how investors view the company’s new orders, plus the growth of power transmission in India. So far in 2026, the stock is up by about 48%. Over the same stretch, the Nifty 50 has slipped. A fresh order has added to the upbeat mood and pushed hopes that the firm may gain from new spending on electricity transmission in India. Still, even with a positive tone from brokers, investors need to watch how wild markets can get. They should also look at current prices, how well the company can execute, and what orders may come next. Broker price targets are guesses, not promises. Right now, the Power Grid HVDC order seems to be a key driver. Nomura and Citi have both kept positive views on GE Vernova T&D India’s long term earnings outlook.

TAGS: GEVernovaTDIndia GEVernovaShares StockMarket HVDCProject PowerGrid
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Suhani

सुहानी TMINS में Content Writer के रूप में कार्यरत हैं। उनकी विशेषज्ञता Technology और Trending Topics से जुड़े समाचार, फीचर लेख और विश्लेषण तैयार करने में है। वह नवीनतम टेक्नोलॉजी अपडेट्स, डिजिटल ट्रेंड्स और वायरल विषयों पर लगातार नज़र रखती हैं तथा शोध आधारित, तथ्यात्मक और सरल भाषा में कंटेंट तैयार करती हैं। उनका उद्देश्य पाठकों तक समय पर विश्वसनीय, उपयोगी और सटीक जानकारी पहुँचाना है।

प्रकाशित तिथि: 08 Sep 2026
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