Power Grid Corporation of India Ltd (POWERGRID)
₹310.85
Power Grid Corporation of India Ltd share Performance
- ₹308.25₹316.1₹310.85
0.84%
Low
Day's Volatility:2.53%
High
1.69%
- ₹172.5₹317.25₹310.85
44.51%
Low
52 Weeks Volatility:46.57%
High
2.06%
| Returns % | |
| 1 Month Return | 11.96 % |
| 3 Month Return | 10.85 % |
| 1 Year Return | 74.44 % |
| Market Stats | |
| Previous Close | ₹313.60 |
| Open | ₹312.00 |
| Volume | 2.71Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹2,91,666.94Cr |
Analyst Rating
based on 20 analysts
Based on 20 analysts offering long term price targets for Power Grid Corporation of India Ltd. An average target of ₹276.45
Source: S&P Global Market Intelligence
Company Information
The company's top products include high voltage transmission lines, substations, telecom systems and equipment, and automation systems. PGCIL is also responsible for the development of India's national power grid and is the country's largest transmission utility. It has popular brands such as the National Load Dispatch Centre, Power System Operation Corporation, and the Regional Load Dispatch Centres.
Share Price: ₹310.85 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹2,91,666.94Cr as of today
Revenue: ₹11,549.79Cr as on December 2023 (Q4 23)
Net Profit: ₹4,028.25Cr as on December 2023 (Q4 23)
Listing date: 05 Oct, 2007
Chairperson Name: R. K. Tyagi
| Organisation | Power Grid Corporation of India Ltd |
| Headquarters | Gurgaon |
| Industry | Power Generation & Distribution |
| E-voting on shares | Click here to vote |
Key events for Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd's Market Cap Rises by ₹189b - 03 May, 2024
The state or government profited the most after Power Grid Corporation of India Ltd's market cap rose by ₹189b last week. Institutions who own 34% stock also stood to gain from the increase.
Power Grid Corp Rises; GE T&D Secures Orders - 02 May, 2024
Power Grid Corporation of India Ltd stock continues its upward trend, rising for the third consecutive session by 3.94%. Additionally, GE T&D India secures orders from PGCIL to build a State Transmission Asset Management Centre in Odisha.
GE T&D India Secures Work Order from Power Grid Corp. - 01 May, 2024
GE T&D India has secured an order from Power Grid Corporation of India to build a state transmission asset management centre in Odisha for OPTCL. Additionally, Power Grid Corporation of India constitutes 6.17% of Net Assets in Parag Parikh Flexi Cap Fund's core equity, with Q3FY24 revenue at Rs. 11,550 Crores and profits at Rs. 4,028 Crores.
NHPC Signs JV Agreement with PowerGrid for Stake Sale in Subsidiary - 25 Apr, 2024
Power Grid Corporation of India's subsidiary, National High Power Test Laboratory Pvt Ltd (NHPTL), is set to sell a stake to NHPC. The two companies have signed a supplementary JV agreement for the sale.
Power Grid Acquires Stake in NHPTL - 24 Apr, 2024
Power Grid Corporation of India is set to acquire a 50% stake in National High Power Test Laboratory Pvt Ltd (NHPTL) from NHPC Ltd, while also acquiring an additional 30% stake from NTPC, DVC, and CPRI. The sale is expected to be completed in FY 2024-25.
Power Grid Corp Signs Pact with NHPTL; Goldman Sachs Bullish on Stock - 23 Apr, 2024
Power Grid Corporation of India signs pact to acquire 50% stake in NHPTL. Goldman Sachs remains bullish on Power Grid Corporation and expects up to 25% upside for the stock due to strong power demand driving earnings growth.
Power Grid Corp of India to Benefit from $500 Billion Capex Requirement - 20 Apr, 2024
Goldman Sachs estimates that India's power transmission capex requirement will be over $500 billion by FY50, with Power Grid Corporation of India set to be the largest beneficiary.
Power Grid to Raise up to Rs 3,000 Crore through Bonds - 19 Apr, 2024
Power Grid Corporation of India plans to raise up to Rs 3,000 crore through bonds maturing in 10 years. The bond issue has a base size of Rs 500 crore and greenshoe option of Rs 2,500 crore. The bidding for the bonds will take place on April 22 between 11 am and 12 pm on the electronic bidding platform of National Stock Exchange of India (NSE).
Power Grid Corp Board Approves Fundraising Plans Worth ₹12,000 Crore - 18 Apr, 2024
Power Grid Corporation of India is set to raise up to ₹12,000 crore through the issuance of bonds in FY25. Goldman Sachs has initiated coverage on the company, highlighting its role in India's energy transition. The stock rallied 3.81% following board approval for bond issuance.
Power Grid Corp Approves Rs 12,000 Crore Bond Issue - 17 Apr, 2024
Power Grid Corporation of India's board has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable POWERGRID bonds for up to Rs 12,000 crore during FY 2024-25.
Power Grid Wins Three Transmission Projects - 16 Apr, 2024
Power Grid Corporation of India has won three inter-state transmission projects under tariff-based competitive bidding. The projects will help evacuate power from renewable energy projects in Rajasthan and Gujarat.
Power Grid Corp Considers Bond Issue Amidst Low Earnings Outlook - 15 Apr, 2024
Power Grid Corporation's low P/E ratio and inferior earnings outlook lead to a 2.11% drop in stock price. The company plans to issue up to Rs 12,000 crore worth of POWERGRID Bonds during FY 2024-25.
Power Grid Board to Consider Fundraising via NCDs - 12 Apr, 2024
Power Grid Corporation of India Ltd's board will consider raising funds worth ₹12,000 crore through unsecured non-convertible debentures (NCDs) on a private placement basis. The shares settled 2.5% lower at ₹275.45 in today's session.
Power Grid Corporation of India Commissions Transmission System Project - 10 Apr, 2024
Power Grid Corporation of India has announced the commissioning of a project for the transmission system to evacuate power from Neyveli Lignite Corp. Ltd in Tamil Nadu, with effect from 10 February 2024.
Power Grid Corp Plans Network Expansion; Govt Aims for Zero Load-Shedding - 04 Apr, 2024
Power Grid Corporation of India Ltd plans to expand its transmission network while commanding a dividend yield of 5.3%. The government aims for zero load-shedding this summer, with thermal power plants avoiding maintenance and offering surplus power on exchanges.
Fundamentals of Power Grid Corporation of India Ltd
Insights on Power Grid Corporation of India Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 3.36% to 3.56% in Mar 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 10.52% to 10.91% in Mar 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 11.25K Cr → 11.93K Cr (in ₹), with an average increase of 2.9% per quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, POWERGRID stock has moved up by 7.3%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 3.59K Cr → 4.02K Cr (in ₹), with an average increase of 5.5% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Tata Power Company Ltd has given 358.5% return, outperforming this stock by 206.0%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 51.34% of holdings in Mar 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Tata Power Company Ltd has given 124.7% return, outperforming this stock by 50.2%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 30.51% to 29.83% in Mar 2024 quarter
Power Grid Corporation of India Ltd Valuation
Power Grid Corporation of India Ltd in the last 5 years
Lowest (6.98x)
March 18, 2020
Today (18.54x)
May 2, 2024
Industry (32.12x)
May 2, 2024
Highest (18.54x)
May 2, 2024
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.34% | 0.00 | |
| Foreign Institutions | 29.83% | 0.00 | |
| Mutual Funds | 10.91% | 0.00 | |
| Retail Investors | 3.56% | 0.00 | |
| Others | 4.37% | 0.00 |
Technicals of Power Grid Corporation of India Ltd share
News & Events of Power Grid Corporation of India Ltd
News
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03 May, 2024 03:32 PM
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Power Grid Corporation of India Ltd (POWERGRID) share price today is ₹310.85
Power Grid Corporation of India Ltd is listed on NSE
Power Grid Corporation of India Ltd is listed on BSE
- Today’s highest price of Power Grid Corporation of India Ltd is ₹316.1.
- Today’s lowest price of Power Grid Corporation of India Ltd is ₹308.25.
PE Ratio of Power Grid Corporation of India Ltd is 18.54
PE ratio = Power Grid Corporation of India Ltd Market price per share / Power Grid Corporation of India Ltd Earnings per share
Today’s traded volume of Power Grid Corporation of India Ltd(POWERGRID) is 2.71Cr.
Today’s market capitalisation of Power Grid Corporation of India Ltd(POWERGRID) is ₹291666.94Cr.
| Power Grid Corporation of India Ltd(POWERGRID | Price |
|---|---|
52 Week High | ₹317.25 |
52 Week Low | ₹172.5 |
Power Grid Corporation of India Ltd(POWERGRID) share price is ₹310.85. It is down -2.02% from its 52 Week High price of ₹317.25
Power Grid Corporation of India Ltd(POWERGRID) share price is ₹310.85. It is up 80.20% from its 52 Week Low price of ₹172.5
| Power Grid Corporation of India Ltd(POWERGRID | Returns |
|---|---|
1 Day Returns | -2.75% |
1 Month Returns | 11.96% |
3 Month Returns | 10.85% |
1 Year Returns | 74.44% |