Intraday Trading Highlights
On the trading day, Power Grid Corporation of India Ltd opened with a notable gap up of 2.85%, signalling early bullish sentiment among market participants. The stock maintained its upward trajectory throughout the session, eventually touching its peak at Rs 279.95, representing a 3.63% rise from its prior close. This intraday high was accompanied by a day change of 3.28%, outperforming the Sensex, which recorded a 2.34% gain on the same day.
The stock's performance was in line with the Power Generation and Distribution sector, which advanced by 2.84%, indicating sector-wide strength. Power Grid's gains also extended a recent positive trend, as the stock has been on a consecutive two-day rally, accumulating returns of 10.89% over this period.
Technical Positioning and Moving Averages
From a technical perspective, Power Grid's price currently trades above its 5-day, 20-day, 50-day, and 100-day moving averages, signalling short to medium-term strength. However, it remains below the 200-day moving average, suggesting some longer-term resistance. This positioning indicates that while the stock is experiencing upward momentum, it has yet to surpass a key longer-term technical barrier.
The stock's high dividend yield of 3.29% at the current price adds an additional dimension to its appeal, reflecting a steady income component alongside capital appreciation.
Our current monthly pick, this Mid Cap from Automobile Two & Three Wheelers, survived rigorous evaluation against dozens of contenders. See why experts are backing this one!
- - Rigorous evaluation cleared
- - Expert-backed selection
- - Mid Cap conviction pick
Comparative Performance Analysis
Examining Power Grid's recent performance relative to the broader market, the stock has outpaced the Sensex across multiple time frames. Over the past day, it gained 3.68% compared to the Sensex's 2.50%. Over one week, Power Grid rose 10.10%, significantly ahead of the Sensex's 2.26% increase. The one-month return of 3.34% also contrasts favourably with the Sensex's decline of 2.40% during the same period.
However, over the three-month horizon, the stock has declined by 2.74%, slightly underperforming the Sensex's 0.33% fall. On a one-year basis, Power Grid's return stands at -1.34%, trailing the Sensex's 8.44% gain. Year-to-date, the stock has appreciated by 5.88%, outperforming the Sensex's negative 1.78% return.
Longer-term performance remains strong, with Power Grid delivering a 73.83% return over three years, well above the Sensex's 37.58%. Over five and ten years, the stock has generated returns of 141.26% and 247.73% respectively, closely tracking and slightly exceeding the Sensex's 66.56% and 245.55% gains.
Market Context and Sector Dynamics
The broader market on 3 February 2026 saw the Sensex open sharply higher by 3,656.74 points but subsequently lose momentum, retreating by 1,747.42 points to trade at 83,575.78, a 2.34% gain on the day. The index remains 3.09% below its 52-week high of 86,159.02. Technical indicators show the Sensex trading below its 50-day moving average, although the 50-day average remains above the 200-day moving average, suggesting mixed medium-term signals.
Within this environment, mega-cap stocks led the market's advance, supporting the overall positive sentiment. Power Grid's sector, Power Generation and Distribution, mirrored this trend with a 2.84% gain, reinforcing the sector's current strength.
Holding Power Grid Corporation of India Ltd from Power? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Mojo Score and Rating Update
Power Grid Corporation of India Ltd currently holds a Mojo Score of 30.0, with a Mojo Grade of Sell. This represents an improvement from its previous Strong Sell grade, which was updated on 31 December 2024. The stock's market capitalisation grade remains at 1, indicating a relatively lower market cap standing within its peer group.
Despite the recent intraday gains and positive short-term momentum, the rating reflects a cautious stance based on the comprehensive evaluation of financial and market metrics.
Summary of Trading Action
In summary, Power Grid Corporation of India Ltd's strong intraday performance on 3 February 2026 was characterised by a significant gap up opening, sustained buying interest, and a peak price of Rs 279.95, marking a 3.63% increase. The stock's gains outpaced the Sensex and aligned with sectoral strength in power generation and distribution. Technical indicators show the stock trading above key short and medium-term moving averages, though still below the 200-day average.
Recent consecutive gains have contributed to a 10.89% return over two days, underscoring the stock's current positive momentum. The broader market backdrop featured mixed signals with the Sensex retreating from its opening highs but maintaining a solid gain for the day.
Investors and market watchers will note the stock's high dividend yield of 3.29% and its relative outperformance over multiple time frames compared to the benchmark index. The updated Mojo Grade of Sell, improved from Strong Sell, provides additional context to the stock's current standing within the market.
Unlock special upgrade rates for a limited period. Start Saving Now →
