Power Grid Corporation of India Shares Surge 3.71% Amid High Trading Volumes
With Power Grid Corporation of India currently trading at Rs 297.80, the stock's performance today, coupled with positive sentiment and solid financial metrics, points to continued investor confidence.
Alpha Desk
April 03, 2025 / 13:59 IST
DisclaimerThis is an AI-assisted live blog with updates sourced from multiple news outlets and agenciesDisclaimer
Power Grid Corporation of India
Power Grid Corporation of India experienced a notable surge in its stock price, climbing 3.71% to Rs 297.80 in today's session. This increase is attributed to a significant rise in trading volumes, exceeding the 20-day average and signaling strong investor interest.
The stock's performance is particularly noteworthy considering its presence in several key indices, including the NIFTY 500, Nifty50 USD, NIFTY 50, NIFTY 100, NIFTY INFRA, NIFTY ENERGY, NIFTY PSE, NIFTY SERV SECTOR, Nifty 200, NIFTY DIV OPPS 50, NIFTY100 LIQ 15, NIFTY CPSE, NIFTY50 VALUE 20, NIFTY LargeMidcap 250, Nifty LargeMidcap 250, Nifty500 Multicap 50:25:25, and Nifty Total Market. This broad index inclusion reflects the company's significant market capitalization and influence across various sectors.
Sentiment Analysis
Recent sentiment analysis indicates a very bullish outlook for Power Grid Corporation of India. As of April 3, 2025, the sentiment was rated as 'Very Bullish' with a closing price of Rs 297.75. This positive sentiment may be contributing to the increased trading activity and upward price movement.
Revenue: The company has demonstrated consistent revenue generation over the past five years, with annual revenue increasing from Rs 37,743.54 Cr in 2020 to Rs 45,843.10 Cr in 2024. Recent quarterly revenues have remained stable, fluctuating between Rs 11,006.18 Cr and Rs 11,978.11 Cr.
Net Profit: Net profit has also shown a positive trend, with annual net profit rising from Rs 10,904.27 Cr in 2020 to Rs 15,592.71 Cr in 2024. Quarterly net profits have been consistent, ranging from Rs 3,694.90 Cr to Rs 4,104.60 Cr.
EPS: The company's Earnings Per Share (EPS) was reported as Rs 17.36 for March 2024, compared to Rs 21.14 in 2020.
Key Financial Ratios (Consolidated)
Ratio
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Basic EPS (Rs.)
21.14
23.01
24.12
22.10
17.36
Book Value/Share (Rs.)
123.66
133.68
109.31
119.01
93.70
Debt to Equity (x)
2.14
1.87
1.77
1.52
1.42
P/E (x)
4.23
5.27
6.74
7.66
15.95
P/B (x)
1.29
1.61
1.98
1.90
2.96
The financial data indicates a stable and growing company with consistent profitability. The reduction in Debt to Equity ratio over the years suggests improved financial leverage. The P/E and P/B ratios, while increasing, reflect changing market valuations.
With Power Grid Corporation of India currently trading at Rs 297.80, the stock's performance today, coupled with positive sentiment and solid financial metrics, points to continued investor confidence.
