Net Sales are expected to increase by 3.5 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 8,084.8 crore, according to Prabhudas Lilladher.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24 points or 0.21 percent. Nifty futures were trading around 11,500-level on the Singaporean Exchange.
The company had posted a net profit of Rs 2,040.83 crore for the corresponding quarter a year ago.
CLSA sees 7-18 percent weakness over 3 months in regulated utility stocks, which is an opportunity to add NTPC & Power Grid.
Prabhudas Lilladher recommended accumulate rating on Power Grid Corporation of India with a target price of Rs 229 in its research report dated August 01, 2018.
Private entities like Tata Motors, Mahindra & Mahindra, Fortum, Ola and Uber are keen on entering the e-vehicle business
Edelweiss is bullish on Power Grid Corporation of India recommended Buy rating on the stock with a target price of Rs 240 in its research report dated May 31, 2018.
The STATCOM solution at Rourkela is regulating the transmission variations automatically according to the grid conditions, thus leading to availability of reliable and stable power to the consumers in the associated network.
Pharmaceutical majors Cipla and Dr Reddy’s Labs will announce Q4 earnings on Monday while OMC majors IOC and HPCL will declare their results on same day.
"We are expecting an upside move in the counter up to to the level of Rs 220-225 while downside support comes at Rs 195 level," says Sumeet Bagadia, Associate Director, Research at choiceindia.com.
"Nifty has to cross 10,555 levels decisively for further upmove. Sustenance trade above 10,555 marks may add momentum on upside till 10,650-10,670 levels," says RajeshAgarwal of AUM Capital.
Prakash Gaba of prakashgaba.com recommends buying CG Power with target at Rs 84 and stop loss at Rs 81.50, a buy on ITC with target at Rs 275 and stop loss at Rs 265 and a buy also on Jet Airways with target at Rs 680 and stop loss at Rs 630.
State-run Power Grid Corp today posted 5.8 per cent jump in its standalone net profit at Rs 2,040.83 crore for quarter ended December 2017 on the back of higher revenues.
Edelweiss is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 252 in its research report dated November 06, 2017.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up but there is a good chance that we could have a large day with some profit booking in the upper regions.
In an interview to CNBC-TV18, Devendra Kumar Gupta, CFO of Transformers and Rectifiers India and Harshvardhan Dole of IIFL spoke at length about the 'Saubhagya' scheme.
Jefferies feels that slowdown in generation capacity is an addition to overall T&D capex beyond FY20E being at best flat with risk of a decline and that the company remains a gradual de-rating case.
The company was exploring possibilities of charging infrastructure for electric vehicles, which is a new technology and so discussions and research is on, said IS Jha, CMD, Power Grid Corporation of India.
Sudarshan Sukhani of s2analytics.com suggests buying Interglobe Aviation, Ambuja Cements and Power Grid Corporation of India and advises selling Union Bank of India and Fortis Healthcare.
Ashwani Gujral of ashwanigujral.com suggests buying Vardhman Textiles and Power Grid Corporation and advises selling Fortis Healthcare.
Edelweiss is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 252 in its research report dated August 2, 2017
Analysts expect Power Grid to commission assets amounting to Rs 6,000 crore (excluding TBCB) in Q1.
Ashwani Gujral of ashwanigujral.com advises buying Power Grid Corporation of India, Sintex Industries and UltraTech Cement.
Mitessh Thakkar of miteshthacker.com recommends buying Power Grid Corporation of India.