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    HomeNewsBusinessStocksHold Powergrid; target of Rs 230: ICICI Direct

    Hold Powergrid; target of Rs 230: ICICI Direct

    ICICI Direct recommended hold rating on Powergrid with a target price of Rs 230 in its research report dated February 03, 2023.

    Broker Research
    February 07, 2023 / 17:54 IST

    ICICI Direct's research report on Powergrid

    Powergrid is India’s largest power transmission utility with transmission lines of 173790 ckt km and 493000 MVA of transformation capacity. Powergrid transmits about 45% of the total power generated in India on its transmission network • It also undertakes transmission related consultancy to more than 150 domestic clients and owns & operates 71673 km of telecom network.

    Outlook

    Maintain HOLD rating on the stock. We value the stock at Rs 230 at 1.9x FY24E book value.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Powergrid - 06 -02 - 2023 - ic

    Broker Research
    first published: Feb 7, 2023 05:54 pm

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