Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund

Power Grid: A dividend yield play

Power Grid, a transmission utility, trades at attractive valuations

June 23, 2020 / 04:40 PM IST
Power Grid: A dividend yield play

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

Jitendra Kumar Gupta Moneycontrol Research Highlights - Higher capitalisation and operational excellence add to growth - Earnings growth to moderate but cash flow to improve substantially - Valuations at historic low, offering a good 6 percent dividend yield The stock of Power Grid Corporation (CMP: Rs182, Mcap: Rs 95400 crore), which was among the least affected by COVID-19, has seen a swift recovery from the lows of around Rs 122 a share in March. Power transmission is an essential service and thus, India’s largest transmission infrastructure company was...

  • PRO Panorama

    Moneycontrol Pro Panorama | Global diversification and its side effects

    Feb 7, 2023 / 02:10 PM IST

    In today’s edition of Moneycontrol Pro Panorama: IT slowdown likely to get tougher, a glimmer of hope for rural jobs, central ba...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: The elephant in the room

    Feb 4, 2023 / 11:20 AM IST

    The well-crafted and well-delivered budget got many ‘wows’, but Mr Market’s worry lines are not yet gone

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers