GE Power India moves up as ICRA reaffirms long-term rating at 'A+’
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GE Power India is currently trading at Rs. 293.70, up by 1.70 points or 0.58% from its previous closing of Rs. 292.00 on the BSE.
The scrip opened at Rs. 295.55 and has touched a high and low of Rs. 299.00 and Rs. 289.05 respectively. So far 13721 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.25 on 01-Sep-2020 and a 52 week low of Rs. 177.35 on 04-Nov-2020.
Last one week high and low of the scrip stood at Rs. 312.30 and Rs. 286.75 respectively. The current market cap of the company is Rs. 1971.45 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 16.00% and 15.43% respectively.
Credit rating agency -- ICRA has reaffirmed GE Power India’s Long-term rating for Line of Credit as ‘A+’ and revised the outlook to negative from stable and the short-term rating for Line of Credit is reaffirmed as ‘A1’.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
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