GE POWER INDIA DOWN 3% IN YESTERDAYS SESSION WHY ?

SHARES of GE Power India Ltd. exchanged 2.6 percent down in Tuesday’s exchange 6,284 offers changed hands on the counter.

The scrip opened at Rs 475.0 and contacted an intraday high and low of Rs 481.95 and Rs 448.55, separately, in the meeting up until now. Portions of the organization of GE Power India Ltd.

The organization announced solidified net deals of Rs 732.68 crore for the quarter finished 31-Mar-2020, down 4.26 percent from past quarter’s Rs 765.27 crore and down 112.6 percent from the year-back quarter’s Rs 344.63 crore.

The net benefit for most recent quarter remained at Rs 14.87 crore, down 44.54 percent from a similar quarter a year prior.

ON 31-Mar-2020, DIIs held 14.68 percent stake in the firm, while remote institutional financial specialists held 2.15 percent .

As indicated by BSE information, the stock exchanged at a cost to-income different of 37.36 and a cost to-book proportion of 3.58. A higher P/E proportion shows financial specialists are happy to follow through on a greater expense as a result of better future development desires.

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