Trade Idea: Power Grid of India (IN)

Company profile: Power Grid Corporation of India Limited has been established by the Government of India as the central transmission utility of India. The mandate for the corporation is establishment and operation of EHV. AC & HVDC transmission lines, sub-stations, load dispatch centers and communications facilities throughout India.

Summary: daily – buy

Parameters:

  • Long ≥ 102.00
  • Target: 111.75 (+9.56%)
  • Stoploss:  97.20 (-4.71%)
  • Risk/reward ratio: 2.03
  • Time frame: daily
  • Country: NSE India
  • Cash Dividend: 1.14 INR
  • Dividend Indicated Gross Yield: 2.72%

Status/Updates:

  • Pending entry – trigger not hit yet
  • Trigger hit, position open @ 102.00
  • Stoploss hit, exit long (-4.71%)

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