GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target pri
- Posted on September 8, 2026
- By Business News Today
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GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target pri
GE Vernova T&D India shares rose after the company emerged as the lowest bidder for a 6,000 MW HVDC project from Power Grid. Nomura raised its target price to Rs 6,000, while Emkay retained its Buy rating with a Rs 5,300 target price. Both brokerages highlighted strong prospects in the transmission sector, capacity expansion, robust cash flows, and healthy earnings growth.
