Power Grid Corporation of India Ltd Shows Strong Performance in Stock Market, Rated 'Hold' by MarketsMOJO

Power Grid Corporation of India Ltd (Power Grid) has shown a strong performance in the stock market, gaining 3.97% on September 25, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'. The company's stock price is currently close to its 52-week high, with only a 0.62% difference. It has also outperformed the sector by 2.51% and has been gaining for the last two consecutive days, with a 5.57% increase in returns during this period. The stock also touched an intraday high of Rs 360.45, showing a high level of volatility with an intraday volatility of 107.74%. Power Grid is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. Additionally, the company offers a high dividend yield of 3.2% at the current price. In comparison to the Sensex, Power Grid has shown a strong 1-day and 1-month performance, with 4.11% and 8.34% gains respectively, while the Sensex has only shown a 0.03% and 4.75% increase in the same time periods. Overall, Power Grid Corporation of India Ltd has shown a strong performance in the stock market, with a positive trend and high dividend yield. Investors may consider holding onto their stocks for now, as suggested by MarketsMOJO.