Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "Power Grid Corporation - don't be in a hurry to exit. Our target is Rs 185 as a disclosure we do have a positive coverage on Power Grid and this company is one of the most interesting plays in the power transmission and distribution sector. The last quarter earnings the management gave a commentary or a verbatim that they are looking to invest more into the capacity that they already have.""They earn not only via transmission of power and distribution of power but they also lease out their transmission and distribution lines in their interstate and interregional category. Given the kind of government's initiatives and more power capacities coming up, our sense is that since it has one of the largest presence in transmission and distribution Power Grid be one of the greatest beneficiaries and can have a first mover advantage. So, don't be in a hurry. I have a target of Rs 185 but give time to it," he added.
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