GK and monthly revision

Jefferies initiates coverage on GE Vernova, bullish on 2 other power transmission stocks

Jefferies has initiated coverage on GE Vernova T&D India, assigning a Hold rating with a target price of ₹6,000 due to limited upside potential despite favorable sector conditions. The brokerage expressed a positive outlook on Hitachi Energy India and Siemens Energy India, maintaining Buy ratings with target prices of ₹43,145 and ₹4,500, respectively. This news reflects the growing interest in the power transmission sector, which is crucial for India's energy transition.