Stock of Interest

Posted On: August 24, 2023

Stock Report: POWERGRID (NSE) 23 Aug 2023 

Power Grid Corp of   India Ltd is a state-owned electric utility company in India. The activities of the firm are operated through Transmission, Telecom, and Consultancy segments. Under the Transmission division, the company’s principal business is the transmission of bulk power across different states of India. Whereas the Telecom division leverages firm’s nationwide transmission infrastructure and operates as a neutral carrier in the point-to-point Bandwidth Leasing Business. The company is also involved in Consultancy business in which it provides in-house expertise in the Transmission, Distribution and Telecom sectors, including planning design, engineering, load dispatch, procurement management, financing, and other. Geographically all the activities are carried out in India.

#xCalData predicts that # POWERGRID will continue its bullish phase over the next five days and trend within the range of 244 to 256. 

In comparison to the previous month, the price of the stock has experienced an increase of 2.25% indicating a bullish.

The Stock has doubled once since 07 Sep 2015 and took an average of 5.8 years to double.    

The stock has not shown seasonality trend in the past. Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Williams R indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData