Power Grid surges 5.4% in seven trading sessions riding the capex wave
- Posted on September 30, 2024
- By Business News Today
- 2 Views
Power Grid surges 5.4% in seven trading sessions riding the capex wave
Power Grid Corporation of India's stock has gained 5.4% due to positive expectations from the forthcoming National Electricity Plan with a capex of Rs 9.2 lakh crore. The company raised its capex guidance and holds a robust work pipeline with strong earnings outlook, supported by significant projects and better dividend yield.