Is Power Grid Corporation of India a good buy?

PE vs Industry: 532898 is good value based on its PE Ratio (7.7x) compared to the Indian Electric Utilities industry average (22.6x). PE vs Market: 532898 is good value based on its PE Ratio (7.7x) compared to the Indian market (19.1x).

Is power grid a good buy for long term?

Power Grid is another stock to buy according to Motilal Oswal Institutional Equities. According to the brokerage the reported net profits grew 9% YoY to Rs 120 billion in FY21. Adjusted for one-time rebate, net profits rose 17% YoY to Rs 129 billion in FY21.

Is Power Grid Corporation a government company?

PGCIL is a public sector undertaking. The Government of India (GoI) held 51.34% stake in the company as on 31 December 2020. Power Grid Corporation of India Ltd was incorporated on October 23, 1989 with the name National Power Transmission Corporation Ltd.

What does Power Grid Corporation of India do?

Power Grid Corporation of India Limited is an Indian statutory corporation under the jurisdiction of Ministry of Power, Government of India and is headquartered in Gurugram, India and engaged mainly in transmission of bulk power across different states of India.

Which is the IPO price of Power Grid Corporation of India?

On the block are a fresh issue of shares worth up to Rs 50 crore and an offer for sale of up to 10,985,444 shares, which will be sold in the Rs 421-428 price band. China’s ride-hailing giant Didi sets stage fo…

What is the price of power grid FPO 2?

Power Grid FPO 2 is a main-board FPO of 787,053,309 equity shares of the face value of ₹10 aggregating up to ₹6,958.64 Crores. The issue is priced at ₹85 to ₹90 per equity share. The minimum order quantity is 150 Shares.

Who is the sponsor of Powergrid infrastructure investment trust?

POWERGRID Infrastructure Investment Trust InvIT aka PowerGrid InvIT owns, construct, operate, maintain and invest in power transmission assets in India. They are registered as InvIT with SEBI on 7th January 2021. The company is sponsored by Power Grid Corporation of India Limited (PGCIL).

Which is the invit for Powergrid in India?

POWERGRID Infrastructure Investment Trust (“PGInvIT”) is an InvIT set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India. It is registered with SEBI as an InvIT on January 7, 2021.