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HomeSTOCKS₹305 And ₹328 Share Target For This Government Share; Don't Sell Before...

₹305 And ₹328 Share Target For This Government Share; Don’t Sell Before ₹300

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Power Grid Corporation of India Ltd (NSE: POWERGRID) Share: Shares of Power Grid Corporation had risen by 1.2% on Monday. Shares of the company reached Rs 278.30 in intraday trade. 

There is an announcement from the company behind the rise in shares. The board members for the government sector Power Grid Corporation have approved the investment of Rs 656 crore to work on the construction of power transmission and distribution projects across the country.

Here, brokerages are also bullish on this stock and are recommending buying.

What Did The Power Grid Say?

“its board of directors and the committee of directors on project investment approved the investment in their respective meetings held on February 18, 2024,” the company said in a filing to BSE on Monday. 

The government has endorsed the implementation of the ‘Unified Load Communication and Dispatch’ (ULDC) Phase III at an estimated cost of about 514.66 crore. It is targeted to be operational by November 15, 2025. 

Furthermore, The Committee of Directors on Project Investment has approved the capacity expansion of 765/400 KV 1500 MVA (Mega Volt Amperes) transformer (4th) located at Bhiwani for Rs 141.09 crore.

Status Of The Company’s Shares

A renowned brokerage house has set a goal price of Rs. 296 for the Power Grid Corporation Limited shares. Power Grid Corporation Limited. They calls ‘overweight’ on power grid. 

Power Grid shares are witnessing good growth so far this year. The company’s shares are up 16% YTD. At the same time, in the last six months and one year, it has seen a growth of 48% and 70% respectively. 

This stock has risen 170% in five years. Its 52-week high price is Rs 289.45 and its 52-week low price is Rs 159.45. Its market cap has increased to 2,57,1.1519 million.

About Power Grid Corporation of India Ltd Company 

Power Grid Corporation of India Limited is a company in India that deals with the transmission of power. 

The company provides consultancy, planning, implementation, maintenance, and operation of Inter-State Transmission Systems and telecom services. 

It is a Maharatna PSU and India’s largest electric transmission company. The company has three segments: Consultancy Services, Transmission Services, and Telecom Services. 

Consultancy services: consulting in the distribution, telecom, and transmission sectors. 

This includes financing, design, load dispatching, engineering, optical-ground wire (OPGW), intrastate transmission networks, operations and maintenance, procurement, and project management. 

Transmission Services: Transmit bulk power using extra-high voltage/high voltage networks (EHV/HV). 

The company was founded in 1989. The total operating revenue of the company is Rs 43343.05 Crores. Its equity capital is at Rs 6975.45 Crores.

Fundamental Analysis of Power Grid Corporation of India Ltd

Market Cap₹ 2,57,022 Cr.
Current Price₹ 276
52-wk High₹ 289
52-wk Low₹ 159
Stock P/E16.3
Book Value₹ 93.4
Dividend4.00 %
ROCE13.1 %
ROE19.6 %
Face Value₹ 10.0
P/B Value2.96
OPM86.8 %
EPS₹ 16.9
Debt₹ 1,19,892 Cr.
Debt to Equity1.38

Power Grid Corporation of India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 312₹ 341
2025₹ 350₹ 365
2026₹ 376₹ 432
2027₹ 435₹ 489
2028₹ 500₹ 521
2029₹ 525₹ 534
2030₹ 564₹ 612
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Power Grid Corporation of India Ltd Shareholding Pattern

Promoters Holding
Dec 202251.34%
Mar 202351.34%
June 202351.34%
Sept 202351.34%
Dec 202351.34%
FII Holding
Dec 202232.76%
Mar 202332.30%
June 202333.14%
Sept 202332.01%
Dec 202330.51%
DII Holding
Dec 202212.73%
Mar 202313.39%
June 202312.55%
Sept 202313.21%
Dec 202314.77%
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Public Holding
Dec 20223.18%
Mar 20232.99
June 20232.95%
Sept 20233.44%
Dec 20233.37%

Power Grid Corporation of India Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 35,059 Cr
2020₹ 37,744 Cr
2021₹ 39,640 Cr
2022₹ 41,622 Cr
2023₹ 46,129 Cr

Last 5 Years’ Net Profit:

2019₹ 10,034 Cr
2020₹ 11,059 Cr
2021₹ 12,036 Cr
2022₹ 16,824 Cr
2023₹ 15,730 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20192.3
20202.14
20211.87
20221.77
20231.52

Last 10 Years’ Profit Growth:

10 Years:14%
5 Years:26%
3 Years:17%
Current Year:5%

Last 10 years’ Return on Equity (ROE):

10 Years:17%
5 Years:19%
3 Years:19%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:13%
5 Years:9%
3 Years:6%
Current Year:5%

Conclusion

This article is a complete guide about Power Grid Corporation of India Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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