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Last Updated : Apr 19, 2018 11:49 AM IST | Source: Moneycontrol.com

Buy Power Grid Corporation, target Rs 241: SMC Global Securities

With the improvement in the capitalisation-to-capex ratio, steady regulated Return on Equity (ROE), the research firm is of the view that Power Grid fundamentals would continue to remain strong.

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SMC Global Securities

Power Grid Corporation is a state-run electric power transmission utility company. Now, with the improvement in the capitalisation-to-capex ratio, steady regulated Return on Equity (ROE), the research firm is of the view that Power Grid fundamentals would continue to remain strong.

It is also on track to achieve huge capex plan going forward as total work in hand is Rs 1.2 lakh crore, including on-going projects, new projects, and tariff based competitive bidding projects worth Rs 1.02 lakh crore.

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The house has a buy on the stock with target of Rs 241 per share.

Disclaimer: The views and investment tips expressed on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Apr 19, 2018 11:49 am
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