India Grid Trust: A Midcap Finance Company with Strong Performance and High Dividend Yield

India Grid Trust, a midcap finance company, has been making waves in the stock market with its recent performance. On October 8, 2024, the company's stock price reached a 52-week high of Rs.152, indicating a positive trend for investors. This has been further reinforced by MarketsMOJO's 'Buy' call for the stock.

In terms of performance, India Grid Trust has outperformed its sector by 0.31% and has been on a consecutive gain for the last 5 days, with a 3.5% increase in returns during this period. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

One of the key factors that make India Grid Trust an attractive investment option is its high dividend yield of 8.01% at the current price. This is significantly higher than the average dividend yield in the market, making it a lucrative choice for investors looking for stable returns.

In terms of overall performance, India Grid Trust has shown a 9.49% increase in the last year, while the Sensex has only seen a 23.63% growth. This further highlights the company's strong performance and potential for growth in the future.

With its consistent upward trend and strong financials, India Grid Trust is definitely a stock to watch out for in the finance/NBFC industry. Investors can consider adding it to their portfolio for stable returns and potential for growth.