GVPIL2026-10-23
GE Power India — The Turnaround Is Real, the Chart Is Not
GE Power India turned a Rs 441 Cr loss into a Rs 253 Cr profit and is demerging its loss-making Durgapur plant to JSW Energy. But the free JSW shares are worth only Rs 33, margins fell from 34% to 15% in one quarter, and the stock is 44% below its high, below every moving average. Verdict: WATCH — THE BUSINESS IS FIXED, THE CHART IS NOT.