Background :
The Power Grid Corporation of India Limited, is an Indian state-owned Maharatna company headquartered in Gurugram, India and engaged mainly in Transmission of Power. POWERGRID transmits about 50% of the total power generated in India on its transmission network.
Stock Performance
Year High 214
Year Low 180
Recommendation
Avoid
The scrip is a steady performer and there is not much investor fancy as the returns in upcoming years will be Muted.
The scrip is a steady performer and there is not much investor fancy as the returns in upcoming years will be Muted.
Investment Rationale :
the scrip being a PSU is suffering due to lack of investor fancy for the scrips. Leading companies like BEML, BEL are also languishing.
Raghav