Shahina Mukadam positive on Power Grid Corporation

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I have a positive view on Power Grid Corporation both on the short-term as well as on the longer term. My short-term price target would be somewhere closed to about Rs 207. Little slightly longer term six months would be about Rs 215 and stoploss at Rs 190."

"It is a very steady performer both in terms of stock prices as well as in terms of overall fundamentals. If you see the transmission and distribution (T&D) account for major part of his revenues almost 95 percent. The company is regularly spending on capex about Rs 20,000-25,000 crore every year and I think the return on investment in pretty steady," she said.