GE T&D India hits six month high; stock surges 41% in two months

The stock was up 5% at Rs 331, its highest level since June 22, 2018, on the BSE.

Shares of electric utility company GE T&D India hit a six-month high of Rs 331, up 5 per cent on the BSE on Thursday. The stock was trading at its highest level since June 22, 2018.

In the past two months, GE T&D India rallied 41 per cent on reports that the company has won Rs 162 crore contract from Power Grid Corp of India for a substation at Thoothukudi in Tamil Nadu and for extension of substation at Bhuj in Gujarat. The contract is likely to be completed by March 2020.

On December 4, 2018, GE Power’s