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    IndiGrid InvIT: Steady performance and higher yield to benefit investors

    Jitendra Kumar Gupta
    June 03, 2020 / 02:11 PM IST
    IndiGrid InvIT: Steady performance and higher yield to benefit investors

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Steady financial performance - COVID-19 to impact working capital marginally - Strong cash in books to help navigate crisis - Valuations offer a reasonable 12percent yield India Grid Trust’s (IndiGrid) unit price (NAV) corrected to a low of Rs 84 a unit during the recent market correction. The listed InvIT and operator of power transmission assets was among the few securities whose value recovered swiftly after investors realized that the Covid-19 crisis had little impact on it. (image) This is reflecting in its March...

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