Stock of Interest

Posted On: September 14, 2023

Stock Report: POWERGRID(NSE) 13 Sep 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 191 to 203.   

In comparison to the previous month, the price of the stock has experienced an increase of 5.43% 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 Relative Strength indicate Bearish view. 

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

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