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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...

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