Business
GE Vernova T&D emerges as top BSE Power multibagger with 164% returns; should investors buy now?
At Rs 4,679, GE Vernova shares have been hovering near their 52-week high of Rs 4,849 and displaying a strong uptrend following the January-March quarter earnings announcement, where the transmission & distribution major reported an 89% year-on-year jump in net profit to Rs 352 crore compared to Rs 186 crore in the same period last year. Revenue soared 42% YoY to Rs 1,640 crore, while its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) climbed 77% to Rs 440 crore, highlighting strong operational momentum.
The scrip is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 4,086 and 3,288, respectively, according to Trendlyne data.
Decoding the charts, Virat Jagad, Senior Technical Research Analyst at Bonanza, sees GE Vernova T&D India shares trading in a strong bullish zone on the daily chart after a sharp rally from lower levels. Price is trading above key moving averages, indicating that the broader trend remains positive, while RSI near the 50 zone suggests momentum cooling after an overbought phase, he said.
However, the stock is currently witnessing healthy consolidation near the upper range of its rising channel, Jagad said, placing immediate support around Rs 4,250–4,150, followed by a stronger demand zone near Rs 3,950, while resistance is seen around Rs 4,550–4,750. “A sustained breakout above Rs 4,750 could trigger fresh upside momentum toward new highs, while holding above support zones may continue to attract buying interest in the medium term,” he added.
Seasonality remains a factor around this time of the year as long summers in North India increase the peak power demand. At the index level, BSE PSU is up 20% on the basis of one-year returns Power stocks remain in to
Q4 earnings
GE Vernova T&D India reported Q4FY26 results ahead of HDFC Securities’ expectations, driven by a sharp improvement in margins. The brokerage also noted that adjusted margins stood at a robust 30% during the quarter, supported by a healthy revenue mix, variable pricing clauses, and operating leverage benefits.
HDFC Securities further highlighted that annual order inflows remained strong at Rs 14,800 crore, up 37% YoY, although domestic base ordering could remain subdued in the near term until industry capacities ramp up.
HDFC Securities believes export orders, particularly from the US, are likely to offset the temporary domestic weakness while the company management remains confident of securing Rs 7,000–8,000 crore worth of domestic base orders excluding HVDC projects.
Based on the current earnings, PL Capital revised its FY27 and FY28 EPS estimates upwards by 3.7% and 4.8%, respectively. It also highlighted the company’s planned Rs 1,000 crore capex programme aimed at boosting localisation in HVDC systems and strengthening manufacturing capabilities in key transmission products.
According to PL Capital, domestic transmission ordering activity remains healthy with nearly 33 projects under bidding, while export demand is improving on the back of renewable integration and grid modernisation opportunities globally. The brokerage also sees medium-term growth opportunities emerging from hyperscale data centres and the shift toward higher-voltage transmission infrastructure. It remains positive on the company’s strong order pipeline, healthy order book of Rs 21,230 crore and margin improvement initiatives.
Ge Vernova vs peers
Power and capital goods stocks have delivered a mixed performance over the past one year, with Hitachi Energy India Limited emerging as the top performer with a stellar 124% return as of May 20, 2026. It was followed by Adani Power Limited, which gained 98%, while Bharat Heavy Electricals Limited rallied 67% amid continued optimism around power infrastructure and transmission spending. Other notable gainers included Adani Green Energy Limited with 37% returns, Thermax Limited at 26%, CG Power and Industrial Solutions Limited at 24%, and Siemens Limited with an 18% rise. ABB India Limited, Torrent Power Limited, JSW Energy Limited and Tata Power Company Limited posted comparatively modest gains ranging between 4% and 15%, while Power Grid Corporation of India Limited remained largely flat with a 1% return.
On the other hand, renewable and utility-linked names such as Reliance Power Limited, Suzlon Energy Limited and NHPC Limited underperformed sharply, declining 39%, 13% and 8%, respectively.
Should you buy?
Factoring in stronger profitability, HDFC Securities raised its FY27 and FY28 earnings estimates by 7% and 8%, respectively, and maintained a ‘Buy’ rating on the stock with a revised target price of Rs 5,200 from Rs 4,750 earlier.
Meanwhile PL Capital has suggested an ‘Accumulate’ rating, downgrading the stock from ‘Buy’ while raising the target price to Rs 4,650, which is already surpassed. The rating correction comes on the back of strong rally over the past year.
PL Capital said GE Vernova T&D delivered a strong operational performance in Q4FY26, with revenue rising 42% year-on-year and EBITDA margins expanding 400 basis points, aided by a better mix of exports and high-value services as well as the gradual completion of lower-margin legacy contracts.
PL Capital downgraded the stock to ‘Accumulate’ from ‘Buy’ after the sharp rally in share price. It raised the target price to Rs 4,650 from Rs 4,050 earlier.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Business
Apple Unveils iOS 27 with Major Performance Gains and Refined Design for iPhones
CUPERTINO, Calif. — Apple on Monday officially announced iOS 27, the next major software update for iPhones, promising significant performance improvements, visual refinements and new capabilities across core apps as the company continues to enhance its mobile operating system. The update builds on previous versions with faster app launches, improved search functionality and expanded cross-platform features.
iOS 27 introduces Liquid Glass, an enhanced design element gaining a transparency slider as part of broader interface advancements. Icons receive sharper definitions with additional layers of refraction for a more polished appearance. According to Apple, apps launch up to 30% faster, while AirDrop transfers see an 80% speed improvement.
The update maintains broad device compatibility, supporting all iPhones capable of running iOS 26, including models from the iPhone 11 and second-generation iPhone SE onward. Older devices are expected to feel more responsive thanks to an optimized CPU scheduler.
Performance and Search Enhancements
A rebuilt search index powers improvements to Spotlight and system-wide search, with iOS 27 indexing device context upon installation for more relevant results. The Mail app gains a new ranking system to better surface important messages. These changes aim to make everyday interactions smoother and more intuitive for millions of users worldwide.
Apple highlighted faster overall system performance, with particular attention to responsiveness on older hardware. The focus on efficiency addresses long-standing user feedback regarding device longevity and software optimization across its aging lineup.
App-Specific Updates and Hardware Integration
Several built-in applications receive notable upgrades in iOS 27. The Photos app now supports sharing iCloud Shared Albums with Android and Windows users, broadening collaboration options. Health gains advanced cycle tracking capabilities, while AirPods users will benefit from new custom EQ settings for personalized audio experiences.
Apple Maps features an upgraded Flyover mode with richer aerial imagery, enhancing virtual exploration. Additional refinements include better battery insights, improved widget options and expanded language support across keyboards and interfaces.
The update emphasizes trust and safety, with enhancements to Apple Child Accounts and parental controls. A wide array of smaller improvements spans Shortcuts, Freeform, Messages and other tools, including faster PDF handling, new drawing capabilities and multilingual grammar checking.
Compatibility and Rollout Plans
Apple confirmed that iOS 27 will be available as a free software update later this year for supported devices. The broad compatibility ensures that even users with older iPhones can access the latest features and security patches, extending the useful life of hardware and reducing electronic waste.
Developers and early testers have already begun exploring the beta versions, with public previews expected in the coming weeks. The update aligns with Apple’s annual cadence of major iOS releases, typically previewed in June and finalized in September alongside new iPhone models.
User and Industry Implications
The performance-focused approach in iOS 27 reflects Apple’s ongoing commitment to software excellence even as hardware innovation continues. Faster app launches and AirDrop transfers address practical pain points for users who rely on their iPhones for daily productivity and connectivity.
Industry analysts view the refinements as evolutionary rather than revolutionary, building steadily on the foundation of previous updates. The inclusion of features like perimenopause and menopause support in the Health app demonstrates Apple’s attention to diverse user needs across life stages.
Cross-platform sharing improvements, such as Shared Albums with non-Apple users, may help bridge ecosystems in mixed households and workplaces. Enhanced parental controls respond to growing concerns about digital safety for children and teenagers.
Broader Context in Apple’s Ecosystem
iOS 27 arrives alongside updates to other operating systems in the Apple family, creating a cohesive experience across iPhone, iPad, Mac, Watch and other devices. Features like improved Continuity, Handoff and iCloud integration benefit users with multiple Apple products.
The emphasis on efficiency and battery life addresses increasing demands on mobile devices in an always-connected world. Optimizations for Low Power Mode, wireless connectivity and background processes help extend usage between charges.
Privacy and security remain central, with incremental improvements building on Apple’s longstanding reputation in these areas. The update includes refinements to emergency alerts, data protection and access controls.
What Users Can Expect
Early indications suggest iOS 27 will feel snappier and more visually refined for most users. The Liquid Glass customization options give individuals greater control over their device’s appearance, while under-the-hood changes deliver tangible speed benefits.
Travelers and international users will appreciate expanded language support, new keyboards and region-specific features. Families benefit from enhanced sharing and parental tools, while health-conscious individuals gain more sophisticated tracking options.
The update continues Apple’s tradition of delivering free annual improvements that keep older devices relevant. This strategy has helped maintain strong customer loyalty and contributed to the longevity of iPhone hardware.
Looking Ahead
As beta testing progresses, Apple is expected to reveal additional details and fine-tune features based on feedback. The final release will likely coincide with the launch of new iPhone models later in 2026, showcasing how software and hardware work together.
For the hundreds of millions of iPhone users globally, iOS 27 represents another step in the evolution of one of the world’s most popular mobile platforms. The combination of performance gains, design polish and practical new tools aims to enhance daily experiences while maintaining the simplicity and reliability that define the iOS ecosystem.
Users are encouraged to back up their devices before installing major updates and to explore new features gradually. Apple support resources and community forums will provide guidance as the rollout begins.
The announcement underscores Apple’s continued investment in software as a key differentiator in a competitive technology landscape. With iOS 27, the company delivers meaningful improvements that benefit users across its diverse device lineup and global audience.
As details continue to emerge, iOS 27 appears poised to deliver a refined, faster and more capable experience for iPhone owners, reinforcing the platform’s position at the forefront of mobile innovation.
Business
Kyrie Draws Trade Interest from Pistons, Wolves, Rockets and Lakers
NEW YORK — Kyrie Irving, the veteran Dallas Mavericks guard and nine-time All-Star, is generating significant trade interest as the NBA offseason intensifies, with four teams emerging as realistic suitors according to multiple reports. The 34-year-old, recovering from a season-ending ACL tear, could be on the move as the Mavericks continue reshaping their roster following major front-office and coaching changes.
Veteran NBA reporter Brandon “Scoop B” Robinson identified the Detroit Pistons, Minnesota Timberwolves, Houston Rockets and Los Angeles Lakers as teams showing credible interest in acquiring Irving. His current contract includes $39.5 million for the upcoming season and a $42.4 million player option for 2027-28, making any deal complex but feasible under the league’s salary cap rules.
Irving missed the entire 2025-26 season while rehabilitating the knee injury, marking an extended absence from competitive play. Despite the lengthy layoff, recent updates from the guard himself have been encouraging, signaling readiness to return at a high level. The Mavericks, meanwhile, have undergone substantial upheaval, including the firing of general manager Nico Harrison, a major trade sending Anthony Davis elsewhere, and the departure of head coach Jason Kidd.
Potential Destinations and Fit
The Los Angeles Lakers represent a high-profile landing spot, pairing Irving with Luka Doncic in what would be a star-studded backcourt. However, the team would need to navigate existing point guard depth while addressing roster construction around their core. The move could provide immediate offensive firepower but carries injury and chemistry questions.
Detroit Pistons, led by young star Cade Cunningham, could view Irving as a mentor and scoring complement. The Pistons have been building aggressively around their young core, and adding a proven playoff performer like Irving might accelerate their contention timeline in the Eastern Conference.
Houston Rockets, featuring a returning Fred VanVleet, would similarly face backcourt crowding but possess the young talent and assets to make a deal work. The Rockets’ upward trajectory under their current management makes them an intriguing destination for a veteran seeking a fresh start on a rising team.
Many analysts point to the Minnesota Timberwolves as perhaps the most logical fit. The Timberwolves have been linked to Irving, with reports suggesting endorsement from a key figure within the organization. Their need at the point guard position aligns well with Irving’s skill set, potentially creating a dynamic offensive duo alongside Anthony Edwards while bolstering playoff experience.
Mavericks’ Rebuild Context
Dallas finds itself at a crossroads after several high-profile moves. The departures of key personnel and players signal a strategic reset, with Irving now viewed by some as the final piece of the previous regime. Trading the veteran guard could free up salary flexibility and draft assets as the Mavericks look toward the future while remaining competitive in a tough Western Conference.
Irving’s injury history and age introduce risk for any acquiring team. The guard has dealt with various health and availability issues in recent years, though his talent when healthy remains elite. His ability to create off the dribble, finish at the rim and knock down threes at a high clip continues to make him a sought-after talent despite the concerns.
Injury Recovery and Outlook
Irving’s recent positive updates regarding his rehabilitation have helped ease some doubts. The lengthy recovery period from an ACL tear typically spans 9-12 months for athletes at his level, and reports indicate he is progressing well. Teams will conduct thorough medical evaluations before finalizing any deal, focusing on long-term durability.
A move could provide Irving with a new environment and fresh motivation as he enters the later stages of his career. Known for his elite ball-handling and clutch performances, he has a proven track record in high-stakes situations, including deep playoff runs with previous teams.
Broader NBA Trade Landscape
The rumors emerge amid a busy offseason across the league. Teams are evaluating rosters following the conclusion of the 2025-26 season, with salary cap space, draft picks and young talent serving as key currency in negotiations. Irving’s availability adds another high-profile name to the market, potentially triggering a domino effect of additional deals.
The Mavericks’ situation reflects broader trends of roster turnover as franchises seek contention windows or rebuilds. For suitors, acquiring Irving represents a calculated gamble: high upside in the short term balanced against injury and contract considerations. Negotiations are expected to intensify as the draft and free agency periods approach.
What It Means for Contenders
Landing Irving could immediately elevate a team’s playoff prospects. His experience as a former champion and clutch performer offers intangible benefits, particularly for younger squads like the Pistons, Rockets or Timberwolves. For the Lakers, it would represent another attempt to build a championship-caliber supporting cast.
Defensive fit and chemistry with existing stars will be critical factors. Irving’s ball-dominant style requires complementary pieces capable of spacing the floor and defending at a high level. Teams will also weigh his leadership qualities and past off-court narratives when assessing long-term value.
Financial and Contractual Details
Irving’s contract structure provides flexibility but also commitment. The player option for 2027-28 gives him control over his future, a factor that could influence trade discussions. Acquiring teams must factor in luxury tax implications and roster balancing under the collective bargaining agreement.
Dallas holds the right to engage in sign-and-trade scenarios or outright deals, depending on return packages. Potential compensation could include young players, future picks and salary-matching contracts, typical in exchanges involving star veterans.
Fan and League Reactions
News of Irving’s availability has sparked widespread discussion among NBA fans and analysts. Social media platforms buzz with speculation about potential destinations and on-court fit. League insiders expect more clarity in the coming weeks as teams finalize summer plans.
Irving’s career has been marked by brilliance interspersed with challenges, from individual accolades to team success. A fresh start could rejuvenate his performance as he aims for another deep postseason run. For the Mavericks, moving on might allow focus on younger talent and long-term sustainability.
As the NBA offseason heats up, Irving’s situation remains one of the most closely watched storylines. Whether he stays in Dallas or finds a new home among the reported suitors, his next chapter will significantly impact multiple franchises and the broader league landscape.
The coming days and weeks are expected to bring further developments as teams assess their options and Irving’s camp evaluates the best path forward. For now, the four-team interest underscores the enduring appeal of one of the league’s most dynamic and polarizing talents.
Business
The Cloud Has Come Back Down To Earth
The Cloud Has Come Back Down To Earth
Business
CMR Green shares make strong D-Street debut, list at 43% premium over IPO price
Meanwhile, the stock opened at Rs 268 on NSE, surging 40% from IPO price.
Robust IPO subscription
The IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed 270.46 times. The non-institutional investor (NII) segment was booked 172.35 times, while the retail investor category attracted bids worth 27.08 times the shares reserved for it.
More than 33.7 lakh applications were received across categories, highlighting strong participation from both institutional and retail investors.
Ahead of the IPO opening, the company had raised Rs 188.44 crore from anchor investors through the allocation of 98.14 lakh shares.
About the company
CMR Green Technologies, incorporated in 2006, is one of India’s leading non-ferrous metal recyclers and operates in the secondary aluminium market. The company manufactures recycled aluminium alloys, zinc alloy ingots, aluminium billets and other recycled metal products that are used across automotive and industrial applications.
Its customer base includes several leading automobile manufacturers and component makers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki and Jindal Stainless.
The company is positioned to benefit from increasing demand for recycled metals as manufacturers globally focus on reducing carbon emissions and improving sustainability across supply chains. Aluminium recycling consumes significantly less energy than primary aluminium production, making recyclers increasingly important in the transition towards greener manufacturing.
Financially, the company has shown steady growth. For the nine months ended December 2025, CMR Green Technologies reported revenue of Rs 6,291 crore and profit after tax of Rs 162.39 crore. For FY25, it reported revenue of Rs 6,696.66 crore and net profit of Rs 155.04 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
Pattern Group: Defensible MOAT
Pattern Group: Defensible MOAT
Business
Why is Geely Automobile stock rallying today?

Why is Geely Automobile stock rallying today?
Business
At Close of Business podcast June 10 2026
Mark Beyer speaks to Justin Fris about WA’s present rollout of renewable energy projects.
Business
Heidelberger Druckmaschinen Aktiengesellschaft 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:HBGRY) 2026-06-10
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Macron to chair video call involving G7 and China over trade imbalances

Macron to chair video call involving G7 and China over trade imbalances
Business
FACT, Chambal Fertilisers shares up to 5% as government eyes doubling fertiliser subsidy allocation
According to government sources cited by PTI and The Times of India, the Ministry has approached the Finance Ministry to double the fertiliser subsidy allocation to Rs 1.71 lakh crore, reflecting mounting concerns over escalating global fertiliser prices and rising import costs.
The proposed hike comes amid disruptions linked to the ongoing West Asia conflict, which has pushed up international fertiliser prices and strained global supply chains. Officials have warned that if these challenges persist, India’s fertiliser subsidy bill could exceed Rs 3 lakh crore during the current fiscal year.
A prolonged disruption in shipping through the Strait of Hormuz, a critical trade route, could further inflate India’s fertiliser import bill and complicate procurement efforts. At the same time, a shrinking global supply pool continues to exert upward pressure on prices.
However, officials noted that the final subsidy requirement may ease somewhat as domestic fertiliser production continues to improve, helping offset part of the import burden.
India currently provides substantial subsidies on key fertilisers to shield farmers from price volatility. Neem-coated urea is sold at Rs 242 per 45 kg bag, while di-ammonium phosphate (DAP) is priced at Rs 1,350 per 50 kg bag.
The prospect of higher subsidy support and sustained demand optimism has put fertiliser stocks firmly in investors’ focus, making the sector one of the standout performers in Wednesday’s trade.
Share price snapshot
Fertilisers and Chemicals Travancore (FACT): Shares of FACT surged 5% to Rs 920 during Wednesday’s trade. The company currently has a market capitalisation of Rs 56,686 crore, while the stock’s 52-week high stands at Rs 1,085.Chambal Fertilisers & Chemicals: The stock advanced 4% to Rs 473, drawing investor attention amid the sector-wide rally. The company commands a market capitalisation of Rs 18,220 crore, and its 52-week high stands at Rs 580.70.
Technical indicators
FACT: The stock’s 14-day Relative Strength Index (RSI) is at 50.1. An RSI reading below 30 is generally considered oversold, while a reading above 70 indicates overbought conditions.
Chambal Fertilisers & Chemicals: The stock’s 14-day RSI stands at 49.2, suggesting neutral momentum. Typically, RSI levels below 30 signal oversold territory, whereas readings above 70 point to overbought conditions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
-
Fashion5 days agoWeekend Open Thread: Evereve – Corporette.com
-
Crypto World5 days ago
Jensen Huang Approves Samsung, SK Hynix, and Micron for NVIDIA (NVDA) HBM4 Memory Supply
-
Crypto World2 days agoAnatomy of the June crypto crash: Fed, Iran, Saylor
-
Entertainment3 days agoThe Best Mystery Series of All Time Is Surging on Streaming 30 Years After It Ended
-
NewsBeat2 days agoAlexander Zverev wins the French Open to finally earn a 1st Grand Slam title
-
Tech4 days agoSuspicious Polyfill login prompts pop up on Toshiba, Muji websites
-
Crypto World4 days agoSenator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation
-
Tech3 days agoMicrosoft unveils seven homegrown AI models in new bid for ‘long term self-sufficiency’
-
Tech5 days agoMicrosoft launches MXC, an OS-level sandbox for AI agents, with OpenAI and Nvidia already on board
-
Business5 days ago(VIDEO) Justin Bieber Delivers Surprise Happy Birthday Serenade to Diners at Los Angeles Mexican Restaurant
-
Business3 days agoThe Pain Points Taking a Fragile Tech Rally Down a Notch
-
Crypto World5 days ago
LBank Surpasses 25 Million Users Worldwide as AFA Partnership Continues to Drive Global Growth
-
Crypto World3 days agoTrump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense
-
Tech5 days agoMeta steals a tactic from Tesla and builds data centers in tents
-
Tech4 days agoVon der Leyen’s AI envoy pick draws conflict-of-interest fire
-
Sports17 hours agoBangladesh beat Australia after 20 years in ODIs, register only their second win over six-time world champions | Cricket News
-
Crypto World2 days ago
Eli Lilly (LLY) Stock Surges 4% Following Breakthrough Sleep Apnea Trial Results
-
Business2 days agoHigh Stakes for Wembanyama as New York Pushes for 3-0 Lead
-
Tech4 days agoHackers now exploit SolarWinds Serv-U flaw to crash servers
-
Tech5 days agoRCS Messages Between iPhone and Android Get End-to-End Encryption With iOS 26.5

You must be logged in to post a comment Login