Bhamre told CNBC-TV18, "Power Grid Corporation of India was consolidating around Rs 99-100 levels. Now since last one week there has been huge activity in open interest as well as volumes. If you see a year back, this stock used to be in a range of Rs 99-100 on lower side and Rs 114-115 on the higher side. I think the counter would again get into that kind of range. So hence we are initiating a long. I think the counter can go up to Rs 111 at least, so go long over there and fix a stop loss around Rs 99."
The company's trailing 12-month (TTM) EPS was at Rs 5.83 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 17.46. The latest book value of the company is Rs 45.81 per share. At current value, the price-to-book value of the company was 2.22. The dividend yield of the company was 1.72%.
