Buy Power Grid Corporation; target of Rs 245: Dolat Capital

Dolat Capital is bullish on Power Grid Corporation has recommended buy rating on the stock with a target price of Rs 245 in its research report dated February 01, 2019.

Broker Research

February 04, 2019 / 13:24 IST

26 Aug, 2025 12:21

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Dolat Capital's research report on Power Grid Corporation

PGCIL is a good defensive stock, with growth built in by the strong capitalisation outlook over the next three years. Regulatory overhang has also passed with the draft tariffs retaining RoEs at 15.5%.

Outlook

We maintain a Buy rating with TP of ` 245 with valuation at P/BV 1.7x FY20E.

For all recommendations report, click here

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Broker Research

first published: Feb 4, 2019 01:24 pm

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