The company is insulated from fuel availability and power off-take risks unlike other power companies. It also earns a fixed return on its investments. Its performance in the past one year has been impressive and earnings grew 23%. It will benefit from the huge demand for transmission capacity. Despite a 30% correction in the Power Index, the stock remains stable and makes for a less risky investment.
| Time Span | Price | Change | %Change | | Today | 97.35 | -2.20 | -2.20 | | Week | 101.00 | -1.45 | -1.43 | | Month | 107.00 | -7.45 | -6.96 | | Three Months | 97.65 | 1.90 | 1.94 | | Six Months | 99.25 | 0.30 | 0.30 | | One Year | 105.45 | -5.90 | -5.59 |
The scrip gave poor returns in the last 1 year. Buy on declines to 75 levels on deep correction and hold for a target of Rs.150/-
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