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Power Grid Corporation of India Ltd Share Price (POWERGRID)

₹292.51.63%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Power Grid Corporation of India Ltd

Key events for Power Grid Corporation of India Ltd

  • Power Grid Hits 52-Week High, GE T&D Secures Orders Worth Rs 370 Crore - 27 Feb, 2024

    Shares of Power Grid Corporation Of India hit a fresh 52-week high. GE T&D India has secured orders worth approximately Rs 370 crore from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Shunt Reactors.

  • Power Grid Corp Awards Order to Transformers and Rectifiers - 26 Feb, 2024

    Power Grid Corporation of India Limited has awarded a Rs 232 crore order to Transformers and Rectifiers (India). The entire work is expected to be completed within 21 months.

  • PGCIL Awards Order to Skipper Ltd; Power Grid Entrusted with Enhancing Transformation Capacity - 25 Feb, 2024

    Skipper Limited has secured a Rs 737 crore order from PGCIL for the design, supply and construction of a cutting-edge 765 kV transmission line. Additionally, Power Grid Corp. has been entrusted by NCT to enhance the transformation capacity of the Tumkur (Pavagada) pooling station in Karnataka.

  • Power Grid Awards Rs 232 Crore Order to Transformers and Rectifiers India - 24 Feb, 2024

    Power Grid Corporation of India has awarded a Rs 232 crore order to Transformers and Rectifiers India for the supply of essential infrastructure components for power transmission. The project includes the production of 5 units of 500 MVA, 400/220/33kV, 3-Phase ICT and an additional 5 units of 500 MVA 400/220/33kV, 3-Phase Auto Transformers. The company aims to complete the entire project within 21 months.

  • India's Green Energy Corridor to Evacuate 13GW Renewable Energy from Ladakh - 22 Feb, 2024

    The President of India has approved the construction of a green energy corridor for evacuation of 13GW renewable energy from Ladakh. Power Grid Corporation of India Limited (PGCIL) will implement the project, which includes setting up 713 km of transmission lines and five GW capacity of HVDC terminals each at Pang (Ladakh) and Kaithal (Haryana). The project is a significant step towards achieving India's target of 500 GW installed electricity capacity from non-fossil fuels by 2030.

  • Power Grid Board Approves Investment, Analyst Projects Target Price Increase - 21 Feb, 2024

    Power Grid Corporation sees positive news as its board approves an investment for two electricity transmission projects and HDFC Securities' analyst projects a target price increase to Rs 314-335.

  • Power Grid Shares Rise After Board Approves Investments Worth Rs 656 Crore - 20 Feb, 2024

    Power Grid Corporation's shares rose over 3% after global brokerage Bernstein initiated an outperform view on the stock with a target of Rs 315. The company's board also approved investments worth Rs 656 crore for electricity transmission projects in India.

  • Power Grid Approves Investment Worth Rs 656 Crore - 19 Feb, 2024

    The Board of Power Grid Corporation of India has approved an investment worth about Rs 656 crore for implementing electricity transmission projects in the country. The approval includes implementing Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project Northern Region SLDCs) at an estimated cost of Rs 514.66 crore and augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani at an estimated cost of Rs 141.09 crore.

  • Power Grid Corp Receives Target Price Upgrade from Morgan Stanley - 18 Feb, 2024

    Power Grid Corporation of India Ltd receives an upgrade in its target price from Morgan Stanley and reports growth in Q3FY24 revenue and net profit.

  • Morgan Stanley Prefers Regulated Power Utilities for India's Rising Consumption - 16 Feb, 2024

    Morgan Stanley analysts recommend regulated power utilities as the preferred way to bet on India's estimated rising power consumption. They are bullish on Power Grid Corp and NTPC, with a forecasted capital expenditure of over $550 billion in the country's power sector in the next 10 years.

  • Power Grid Corporation of India Ltd shares surge up to 6% after bullish calls from Morgan Stanley - 15 Feb, 2024

    Shares of power companies NTPC, Power Grid, BHEL, Tata Power and Torrent Power surged up to 6 percent on February 15 after global brokerage firm Morgan Stanley shared bullish calls and raised their respective target prices. Morgan Stanley also shared an overweight call on Power Grid and raised its target to Rs 296.

  • Power Grid to Pay 45% Dividend on Shares - 14 Feb, 2024

    Power Grid Corporation of India Ltd has announced a dividend payment of 45% per share, with the record date set for February 15. The current face value of shares is Rs 10, translating into a dividend of Rs 4.5 per share. Power Grid shares have delivered positive returns of 15.18% YTD and 28.99% in the past three months.

  • Power Grid Corp Acquires Transmission Project and Announces Dividend Payment - 10 Feb, 2024

    Power Grid Corporation of India has acquired the Sikar Khetri Transmission project SPV and will pay a dividend of ₹4.50 per share on March 5th, with a yield of 4.1%. The company's dividend payout ratio is high but feasible, and earnings are expected to rise by 14.1% over the next year.

  • Power Grid Corp Posts Rise in Net Profit for Q3 - 09 Feb, 2024

    Power Grid Corporation of India Ltd reported a rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, resulting in a 3% increase in share price.

  • Power Grid Corp Reports Strong Q3 Results, Approves Dividend - 08 Feb, 2024

    Power Grid Corporation of India Ltd reported a notable 10.5% YoY rise in net profit in Q3, leading to a surge of over 7% in its stock price. The board approved the payment of a second interim dividend of Rs 4.50 per equity share. Additionally, India and Sri Lanka are set to discuss grid interconnectivity and renewable energy collaboration with Power Grid Corporation.

  • Power Grid Reports Strong Q3 Results; Removed From Model Portfolio - 07 Feb, 2024

    Power Grid Corporation of India reported a consolidated net profit of Rs 4,028.25 crore for Q3 FY24, up 10.5% YoY. However, Kotak Institutional Equities removed it from its model portfolio due to overestimation of growth opportunities and underestimation of risks.

  • Power Grid Corp's Q3 Results Expected to Show Modest Growth - 06 Feb, 2024

    Power Grid Corporation of India Ltd is expected to report a modest YoY growth in Q3 revenue and a potential decline in net profit due to rising transmission costs. The company will announce its results on February 7th.

  • Power Grid Corp Shares Surge on Increased Allocation in Interim Budget - 02 Feb, 2024

    The allocation to Power Grid Corporation of India Ltd was increased to Rs 12,250 crore from Rs 8,800 crore in the Interim Budget, leading to an 8% surge in shares this month.

  • Power Grid Corp Receives Increased Allocation for Green Energy Project - 01 Feb, 2024

    Power Grid Corporation of India Limited's stock saw a rise of over 2% on February 1st. The company also received an increased allocation of Rs 12,250 crore for the Green Energy Corridor project.

  • Power Grid Corp Among Major Gainers on Sensex - 31 Jan, 2024

    Power Grid Corporation of India Ltd was among the major gainers on Sensex. Meanwhile, Utpal Sharma has ceased to be Executive Director of the company.

Analyst Rating for Power Grid Corporation of India Ltd stock

based on 20 analysts

BUY
55.00%
Buy
15.00%
Hold
30.00%
Sell

Based on 20 analysts offering long term price targets for Power Grid Corporation of India Ltd. An average target of ₹267.05

Source: S&P Global Market Intelligence

Power Grid Corporation of India Ltd share Performance

  • ₹284.1
    ₹293.4
    ₹292.5
    downward going graph

    2.87%

    Downside

    Day's Volatility:3.18%

    Upside

    0.31%

    downward going graph
  • ₹160.91
    ₹293.4
    ₹292.5
    downward going graph

    44.99%

    Downside

    52 Weeks Volatility:45.30%

    Upside

    0.31%

    downward going graph
1 Month Return13.33 %
3 Month Return36.92 %
1 Year Return75.06 %
Previous Close₹287.80
Open₹284.10
Volume3.65Cr
Market Cap₹2,67,671.38Cr

Power Grid Corporation of India Ltd Company Information

Power Grid Corporation of India Ltd (PGCIL) is a Navratna public sector enterprise under the Ministry of Power, Government of India. Incorporated on October 23rd, 1989, PGCIL is India's largest electric utility company and is responsible for the transmission of about 50% of India's total power. The company has operations across the entire power sector value chain, from generation to transmission and distribution.

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: ₹292.50 per share as on 27 Feb, 2024 04:01 PM
Market Capitalisation: ₹2,67,671.38Cr 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: K Sreekant
OrganisationPower Grid Corporation of India Ltd
HeadquartersGurgaon
IndustryPower Generation & Distribution
E-voting on sharesClick here to vote

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.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 11.25K Cr → 11.93K Cr (in ₹), with an average increase of 2.9% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, POWERGRID stock has moved up by 13.3%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.49% to 10.52% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 3.59K Cr → 4.02K Cr (in ₹), with an average increase of 5.5% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, NHPC Ltd has given 140.1% return, outperforming this stock by 65.0%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 51.34% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Tata Power Company Ltd has given 286.5% return, outperforming this stock by 161.4%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 32.00% to 30.51% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 3.42% to 3.36% in Dec 2023 quarter

Power Grid Corporation of India Ltd Valuation

Power Grid Corporation of India Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.98x)

March 18, 2020

Today (17.02x)

February 26, 2024

Industry (30.00x)

February 26, 2024

Highest (17.03x)

February 20, 2024

LowHigh

Power Grid Corporation of India Ltd Mutual Fund Holdings

Funds Holdings
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth5.65%
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option2.18%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth1.13%
HDFC Hybrid Equity Fund Direct Growth OptionHDFC Hybrid Equity Fund Direct Growth Option2.1%
SBI Arbitrage Opportunities Fund Direct GrowthSBI Arbitrage Opportunities Fund Direct Growth1.39%

Power Grid Corporation of India Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
51.34%
0.00
Foreign Institutions
30.51%
-4.67
Mutual Funds
10.52%
10.88
Retail Investors
3.36%
-1.79
Others
4.27%
13.97

Technicals of Power Grid Corporation of India Ltd share

News & Events of Power Grid Corporation of India Ltd

News

Kotak Mahindra Bank appoints Prasanna Kotian as head of group corporate communication

Prior to joining Kotak, Prasanna led corporate communication for Visa across India and South Asia.

27 Feb, 2024 04:27 PM

Gurugram: 3 managers of private bank among 4 held for cyber fraud

Hayat was in close contact with the mastermind of a cyber fraud gang and used to procure the bank account details from the managers and pass on the information ... Read more

27 Feb, 2024 05:52 PM

‘We have returned $ 2bn to investors in 2 years’

According to a World Bank report, depreciation of rupee against dollar is steadily reducing. Going forward it’s expected to be less than 2%.

28 Feb, 2024 01:00 AM
View More

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Power Grid Corporation of India Ltd (POWERGRID) share price today is ₹292.5

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 ₹293.4.
  • Today’s lowest price of Power Grid Corporation of India Ltd is ₹284.1.

PE Ratio of Power Grid Corporation of India Ltd is 17.02

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 3.65Cr.

Today’s market capitalisation of Power Grid Corporation of India Ltd(POWERGRID) is ₹267671.38Cr.

Power Grid Corporation of India Ltd(POWERGRIDPrice
52 Week High
₹293.4
52 Week Low
₹160.91

Power Grid Corporation of India Ltd(POWERGRID) share price is ₹292.5. It is down -0.31% from its 52 Week High price of ₹293.4

Power Grid Corporation of India Ltd(POWERGRID) share price is ₹292.5. It is up 81.78% from its 52 Week Low price of ₹160.91

Power Grid Corporation of India Ltd(POWERGRIDReturns
1 Day Returns
4.7%
1 Month Returns
13.33%
3 Month Returns
36.92%
1 Year Returns
75.06%