New Delhi, Oct. 7 -- Shares of GE Vernova T&D India are on a high-voltage run, outpacing rivals and touching four new peaks over the past three weeks on optimism over stronger order inflows in the domestic business and gains in the overseas markets. On Monday, the stock had hit a new 52-week high at Rs.3,204.90, though it fell 3.4% on Tuesday from that level. The power transmission and distribution (T&D) network equipment manufacturer is seeing strong demand with a notable increase in renewable energy capacity addition.

In a recent interaction with Emkay Global Financial Services, the company management said the domestic market is seeing some softness in order inflow, but it is likely to pick up from the current quarter ending December, ...