India Grid Trust Hits 52-Week High, Outperforms Sector and Offers High Dividend Yield

Sep 24 2024 09:37 AM IST
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India Grid Trust, a leading finance and NBFC company in the midcap sector, reached a 52-week high of Rs.145 on September 24th, 2024. The stock has outperformed the sector by 0.79% and is trading higher than its moving averages. With a high dividend yield of 8.2% and steady growth of 5.01% in the past year, India Grid Trust is a reliable choice for investors.


India Grid Trust, a leading finance and non-banking financial company (NBFC) in the midcap sector, has recently hit a 52-week high on September 24th, 2024. This positive news has been welcomed by investors and analysts alike, with MarketsMOJO giving a 'Buy' call for the stock.

The stock price of India Grid Trust has reached a new high of Rs.145, outperforming the sector by 0.79% on the same day. This is a significant achievement for the company, as it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward trend in the stock's performance.

In addition to its impressive stock performance, India Grid Trust also offers a high dividend yield of 8.2% at the current price. This is a major attraction for investors, as it provides a steady source of income along with potential capital gains.

When compared to the Sensex's performance of 28.64%, India Grid Trust has shown a steady growth of 5.01% in the past year. This showcases the company's resilience and stability in the market, making it a reliable choice for investors.

With its strong financial standing and consistent growth, India Grid Trust is a promising player in the finance and NBFC industry. Its recent 52-week high is a testament to its success and potential for future growth. Investors can confidently consider India Grid Trust as a valuable addition to their portfolio.
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