Latest Stock Market News

Jefferies also finds the stock Rs 650-worthy as it believes low net slippages was a key positive in the third quarter results.

The Relative Strength Index of the stock stood at 32.2 on Monday.

Promoters held 46.86 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 10.84 per cent and 4.48 per cent, respectively.

GE T&D India Ltd., incorporated in the year 1957, is a Mid Cap company (having a market cap of Rs 2989.34 Crore) operating in Power sector.

A total of 387 shares changed hands on the counter till 11:52AM (IST)

The stock traded at a P/E multiple of 7.59, while the price-to-book value ratio stood at 10.07.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold trades higher supported by weaker US dollar, mixed economic numbers, inflation concerns and geopolitical risks.

“Indian It companies in their own space are doing well. There is solid demand. The management has been extremely positive of pretty much all the IT companies and we believe that medium to long term, Indian IT companies are in for a good time.”

"I am pleased that we were able to report a profit for the third quarter. It demonstrates that our business model is fundamentally strong. Our employees have remained a pillar of strength throughout this health crisis and have steadfastly provided superior service,” CEO Ronojoy Dutta was quoted as saying in reports.

The week will see investors reacting to the RBI policy outcome on Thursday, its commentary on inflation, IIP reading, quarterly earnings and trends in the bond market.