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.
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%.
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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