Power Grid Corporation of India Ltd Hits Intraday High with 3.55% Surge

Intraday Price Movement and Trading Action

On the trading day, Power Grid Corporation of India Ltd reached a peak price of Rs 259.75, reflecting a gain of 3.47% from its last close. The stock closed the day with a 3.55% increase, outperforming the power sector by 2.88% and the Sensex benchmark, which gained 0.37%. This marks a reversal after two consecutive days of decline, signalling renewed buying interest within the session.

The stock remains close to its 52-week low, trading just 4.46% above the Rs 247.5 level recorded over the past year. Despite this proximity, the intraday surge indicates a potential short-term recovery in price momentum.

Technical Indicators and Moving Averages

From a technical standpoint, the stock price currently sits above its 5-day moving average, suggesting short-term strength. However, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating that longer-term trends have yet to confirm a sustained upward trajectory. The divergence between short-term and longer-term averages highlights a mixed technical picture, with immediate momentum contrasting with broader trend resistance.

Additionally, the stock offers a dividend yield of 3.55% at the current price level, which remains an attractive feature for income-focused investors within the power sector.

Comparative Performance Against Benchmarks

Examining the stock’s performance over various time frames reveals a nuanced picture. Over the past day, Power Grid Corporation of India Ltd gained 3.07%, significantly outperforming the Sensex’s 0.35% rise. Over the last week, the stock posted a 1.79% gain, while the Sensex declined by 0.65%. However, over the one-month period, the stock declined by 4.54%, slightly better than the Sensex’s 5.54% fall.

Longer-term performance shows a more pronounced divergence. Over three months, the stock fell 10.20%, compared to the Sensex’s 3.49% decline. The one-year performance also reflects a 10.98% decrease against the Sensex’s 4.52% gain. Year-to-date, the stock is down 2.19%, whereas the Sensex has declined 4.94%. Despite these recent setbacks, the stock has delivered strong returns over extended periods, with three-year gains of 62.12% versus the Sensex’s 35.17%, and five-year gains of 136.87% compared to the Sensex’s 62.67%. Over a decade, the stock’s appreciation stands at 214.96%, slightly below the Sensex’s 230.12% rise.

Market Context and Sector Dynamics

The broader market environment on 2 Feb 2026 saw the Sensex recover sharply after a negative start, rebounding 463.84 points from an initial drop of 167.26 points to close at 81,019.52. Despite trading below its 50-day moving average, the Sensex’s 50DMA remains above its 200DMA, signalling a cautiously optimistic medium-term trend. Mega-cap stocks led the market rally, contributing to the overall positive sentiment.

Within this context, Power Grid Corporation of India Ltd’s outperformance of both the sector and benchmark indices underscores its relative strength during the session. The power sector’s dynamics, combined with the stock’s dividend yield and technical positioning, have contributed to the observed trading momentum.

Mojo Score and Market Capitalisation Insights

Power Grid Corporation of India Ltd holds a Mojo Score of 30.0, with a current Mojo Grade of Sell, upgraded from a previous Strong Sell rating as of 31 Dec 2024. The company’s market capitalisation grade stands at 1, reflecting its large-cap status within the power sector. These metrics provide a quantitative assessment of the stock’s quality and market standing, complementing the price and volume data observed during the trading session.

The upgrade in Mojo Grade from Strong Sell to Sell indicates some improvement in underlying factors, although the rating remains cautious. This aligns with the mixed technical signals and recent price volatility seen in the stock.

Summary of Trading Day Highlights

In summary, Power Grid Corporation of India Ltd’s trading session on 2 Feb 2026 was marked by a strong intraday rally, with the stock touching Rs 259.75, a 3.47% increase intraday and closing 3.55% higher. This performance outpaced both the power sector and the Sensex, reflecting a positive shift after two days of declines. Technical indicators show short-term strength above the 5-day moving average, though longer-term averages remain resistance points. The stock’s dividend yield of 3.55% adds an income dimension to its profile amid the current market conditions.

Overall, the trading activity and price movement on this day highlight a notable rebound within the power sector, supported by broader market gains and sector-specific factors.

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