Government of India had vision to incorporate a Public Sector Enterprise to facilitate transfer of electric power within and across all four region of India with reliability, security and economically, Power Grid Corporation Limited came in existence in 1989. For impeccable performance and analytical market techniques it’s been honored with Navratna status-PGCIL is one of its kind transmission utilities in the world. 71,500 Circuit-km long state of art of Transmission network with120- EHVAC & HVDC sub-stations transforming 79,500 MVA, supplying about 45% of the total power generated in India. Over time Power Grid had diversified into Telecom business and building a sophisticated and strong network of more than 20,000 km across the country. According to International Utilities standards Power Grid had maintained 99.00% transmission system availability.
Construction, Operation and maintenance of Inter-state transmission and Regional power grid are responsibility of PGCIL and ever since its inception PGCIL has performed its duties efficiently and effectively and had been named as the Central Transmission Utility (CTU) of the country. PGCIL has achieved many awards and established many milestones in various areas of its transmission infrastructure business and now plays a strategic role in the Indian Power Sector. In short term plan, huge Business Empire like Morgan Stanley Capital International announced it would add Power Grid in its Emerging Market.
According to Long term advancement Analysis Report PRCIL is planning to invest Rs.9000 Cr to improve the power evacuation infrastructure as part of its inter-state transmission plan. Central Electricity Authority (CEA) has already approved the entire plan. This plan will help people of north and western region who are facing electricity shortage problem. This indigenous success story is serving the traders as well who trades in the stocks of the company for both long term and short term benefits. If you intend to buy or sell stocks in the Power Grid Corporation then you can request expert tips and analysis from this platform. We are always ready to help you out with tips on stock market.
Hold Power Grid and exit on rally to around Rs 150, says Ashish Kukreja of Unicon Investment Solutions on CNBC Awaaz. The stock is currently trading at Rs 104, up 0.6% on the BSE.
Sell Power Grid with target of Rs 98 and stop loss of Rs 104, says Somil Mehta of Sharekhan on CNBC Awaaz, in a closing market strategy.
Hold Power Grid with targets of Rs 124 and 132 on crossing its resistance of Rs 115, says Mileen Vasudeo, technical analyst, on NDTV Profit. Keep stop loss of Rs 99, he adds. The stock is currently trading at Rs 107.25, up 0.8% on the BSE.