Power Grid Corporation of India Ltd Shows Strong Performance in Stock Market, Outperforms Sector and Sensex

Power Grid Corporation of India Ltd (Power Grid) has shown a strong performance in the stock market, gaining 3.17% on 2024-06-18. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The company, which operates in the power industry, is currently trading close to its 52 week high of Rs 346.9, with a difference of only 4.76%. It has also outperformed the sector by 1.86% in today's trading session. This is a positive sign for investors, as the stock has been gaining for the last 2 days and has risen 3.03% in this period.

Power Grid Corporation of India Ltd has also been performing well in terms of moving averages, 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 trend in the stock's performance.

Investors can also benefit from the company's high dividend yield of 3.74% at the current price. This adds to the overall attractiveness of the stock.

In comparison to the Sensex, Power Grid Corporation of India Ltd has shown a better performance, with a 1 day return of 3.17% compared to the Sensex's 0.29%. In the last month, the stock has also outperformed the Sensex, with a return of 4.69% compared to the Sensex's 4.34%.

Overall, Power Grid Corporation of India Ltd has shown a strong performance in the stock market, making it a good option for investors to consider. With its consistent gains, high dividend yield and outperformance of the sector and Sensex, the stock is definitely worth keeping an eye on.