This PSU Maharatna Stock Approved 2nd Dividend Of Rs 5, ICICI Securities Says " Add" For 13% Return
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.
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.
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.
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.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt