Power Grid Corp. of India shares hold steady and outperform rivals
Updated
Updated · MarketWatch · May 8
Power Grid Corp. of India shares hold steady and outperform rivals
10 articles · Updated · MarketWatch · May 8
The stock closed Friday unchanged at 313.90 rupees as the BSE SENSEX fell 0.66% to 77,328.19.
Power Grid ended 3.36% below its 52-week high of 324.80 rupees reached on 27 April.
It beat peers including Tata Power, Gujarat Industries Power and Jindal Steel, while trading volume of 151,074 stayed well below the 50-day average of 590,267.
Power Grid is hailed as a safe stock, but with massive project delays, can it still power India’s green future and investor returns?
With critical transmission projects delayed by years, is India's ambitious clean-energy goal facing an imminent gridlock?