This PSU Maharatna Stock Approved 2nd Dividend Of Rs 5, ICICI Securities 
Says "Add" For 13% Return

This PSU Maharatna Stock Approved 2nd Dividend Of Rs 5, ICICI Securities Says " Add" For 13% Return { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

ICICI Securities has assigned a " Add" call to Power Grid Corporation Of India Ltd, a power sector PSU Maharatna CPSE.

The brokerage has estimated a target price of Rs 242 apiece on the stock, which implies an upside of 13% considering the current market price.

The stock on its meeting held on 31st January 2023 declared an Interim dividend of Rs 5 per equity share for the FY 23.

This is a large- cap stock having a market cap of Rs 1,49,867 crore.

The stock of Power Grid Corporation Of India is R iss 214.85 apiece on NSE. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Its 52 week high is Rs 248.35 apiece recorded on 10 May 2022 and its 52 week low Rs 186.35 apiece recorded on 26 September 2022, respectively.

The stock in a week has fallen 2 .01%. In 3 months it fell 5 .79%.

Power Grid Corporation Of India Ltd declared Interim Dividend of Rs 5/-

The 2nd Interim Dividend of Rs. 5/- per equity share of Rs. 2 nd Interim Dividend paid to The the Financial Year 2022 - 23. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Board of Directors be paid to the Members on 24th February, 2023, 2023.

ICICI Securities recommends " ADD" the stock with a target price of Rs 242/ share

ICICI Securities maintain ADD on the stock with DCF based target price of Rs23242/ sh. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Over FYE- FY 2 8 E, we have factored in cap P/ ex of 1 .7 x R with FY 24 E.s 677bn andB of,

The stock has been picked from the brokerage report of ICICI Securities. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more