Order from Power Grid Corporation of India: The company secured a significant contract to supply 30 units of 765-kilovolt, 500 MVA single-phase transformers. These ultra-high voltage transformers will support India’s growing power demands and energy transition goals.
Stock Performance:
Shares have been on a bullish streak, rising for five consecutive sessions. As of the latest update, the stock is trading around ₹19,741, up 0.53% on the day and nearly 57% higher year-on-year.
Valuation Insight:
Despite the rally, some analysts believe the stock still has upside. InvestingPro estimates a fair value of ₹13,029 per share, suggesting it may be overvalued at current levels, but long-term prospects remain strong due to robust order books and sector tailwinds.
Financial Snapshot (FY25):
Net Profit: ₹383 crore
EPS: ₹90.36
PE Ratio: ~227.9
Market Cap: ₹86,073 crore6