Power grid share price analysis 2014

Power grid share price analysis 2014

Power grid share daily chart analysis

Power grid share on last trading session closed at 106.55 with loss. On daily chart, stock price trend and momentum both are bullish. For month of April 103 and 98 rupee are support zones. 98 rupee is major average support and above it, short-term bull trend will remain intact. On upside 113 and 119 are strong resistances and targets if trend continues. Daily chart indicators are bullish but in topped out state suggesting correction.

Traders above 98 rupee keep long view for stock and expect targets 113 and then 119 until end of month.

Power grid share weekly chart analysis

Power grid share for this week is showing losses. Weekly chart price trend and momentum both are bullish. On downside, 97 rupee is major average support and above it keeps long view for sock and follow buy on dips view. On upside 118 and 137 are strong medium term resistances as well as targets for next 6-12 months. On downside, 78 and 59 are strong medium term support zones. Weekly chart indicators patterns are bullish and suggest upside for stock in medium terms.

Power grid share monthly chart analysis

Power grid share in last 6 month had given 11% returns to investors and performing inline with market. From long term, view above 90-rupee level stock will trend higher and remains buy. On upside 140 rupee is 12 month target and 180 rupee is 3 years target zone. On downside, anything in between 30-57 rupee will be value buy for stock. This was last in 2008 crash.

Power grid company description

Power Grid Corporation of India Limited (POWERGRID) is a holding company, which is engaged in the business of transmission of power. The Company’s segments are transmission, consultancy, telecom, regional load despatch centers (RLDCs) and unified load dispatch centers (ULDCs). POWERTEL is the Company’s brand in telecom business. During the fiscal year ended March 31, 2012, the Company added about 10,600 circuit kilometer of extra high voltage (EHV) transmission lines, 15 EHV sub-stations and transformation capacity of more than 30,000 mega volt amperes (MVA). Effective September 3, 2013, Power Grid Corp of India Ltd acquired the entire share capital of Vizag Transmission Ltd, from REC Transmission Projects Co Ltd. Effective March 25, 2014, the Company acquired Unchahar Transmission Ltd.

Power grid share fundamental ratios

Range

105.80 – 108.25

52 week

86.55 – 116.90

Open

106.70

Vol.

3.51M

Mkt cap

556.90B

P/E

17.36

Div/yield

1.27/2.26

EPS

6.13

Shares

5.23B

Beta

Inst. own

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Updated: 08/04/2014 — 1:06 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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