Power Grid Share Price | Now this stock will shine, experts are bullish, stock is about to take off – Hindi News
Power Grid Share Price | Shares of public sector Power Grid Corporation of India Limited rose nearly 5 per cent to a record high of Rs 366.25 on Wednesday. This was a 52-week high for the shares. However, shares were trading lower on Thursday. The brokerage has given buy rating to the shares of Power Grid Corporation. The Power Ministry has finalized the National Energy Plan 2023-2032 for the central and state transmission systems. The total cost of the National Power Scheme is Rs 9.15 lakh crore. The objective of this scheme is to meet the increasing energy demand. LIC also has huge investment in the company. LIC holds 21,40,66,996 shares or 2.30 percent stake in Power Grid.
buy rating on stock
Domestic brokerage firm Motilal Oswal has started coverage on the power company's shares with a buy rating. The brokerage firm has set a target price of Rs 425 for these shares. At the same time, global brokerage firm Goldman Sachs considers the National Power Plan as positive for property developers, especially the power grid. Goldman Sachs maintained its buy rating on the stock with a target price of Rs 370 per share. Goldman Sachs expects the power grid to be worth more than $500 billion. The market cap of Power Grid has increased to Rs 3.38 lakh crore. Shares started rising in September 2020. During this period, the share has increased from Rs 91.40 to the current trading price.
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