GE Vernova’s impressive turnaround has stretched the stock’s valuation
GE Vernova T&D India Ltd stock has staged an impressive comeback. In just two months, shares of the power transmission and distribution company have surged to around ₹2,310 from a 52-week low of ₹1,254 on 9 April. Strong order inflows and higher-than-anticipated improvement in profitability seem to have powered this turnaround. Order inflows in the March quarter…