Power Grid Corporation of India Reaches All-Time High, Shows Strong Growth in Power Industry

Power Grid Corporation of India, a largecap company in the power industry, has recently reached an all-time high price on February 1st, 2024. This news comes as the stock call for the company by MarketsMOJO is 'Hold'.

The stock is currently trading at a price that is 0.27% away from its 52-week high of Rs 260. However, it has underperformed the sector by -0.89% in today's trading session. The stock has also seen a trend reversal as it has fallen after three consecutive days of gains.

In terms of moving averages, Power Grid Corporation is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

Investors may also be interested to know that the company has a high dividend yield of 4.35% at its current price. This could be an attractive factor for those looking for stable returns.

In comparison to the Sensex, Power Grid Corporation has shown a strong performance over the past year with a growth of 61.10%, while the Sensex has only grown by 20.23%.

Overall, Power Grid Corporation of India continues to show promising growth in the power industry and has gained the attention of investors with its recent all-time high price. With a positive trend in moving averages and a high dividend yield, the company remains a strong contender in the market.