23 Sep 2018 | 10:37 PM
Research Report

Equity Research Report: Master Pick

Power Grid is operating more than 1,09,500 circuit kilometers (ckm) of transmission lines along with 186 sub-stations and transformation capacity of 2,13,500 mega volt amperes. About 2,180 ckm of transmission lines and 4,200 MW of inter-regional capacity were added till July 2015. Transmission-line capacity addition of 10,000 ckm and inter-regional capacity addition of 7,300 MW are planned by the end of this fiscal.
06 Sep 2014 | 07:00 AM

After consolidating in a broader range of 95-115 for more than 5 years, Power grid witnessed upside breakout in May, 2014 and scaled to form a new 52 weeks high at 146.95.

It has been undergoing in corrective phase for last two months and retraced to the support area of 126 level as per the Fibonacci retracement placed on weekly chart.

It saw decent rebound from that zone recently and formed a fresh buying pivot so one can initiate fresh long positions between132 -CMP (134.45) with closing below stop loss of 126 for the target of 152.