Power Grid Corporation of India Stock Declines -3.31% in Line with Sector Performance

Power Grid Corporation of India, a largecap company in the power generation and distribution industry, has seen a decline of -3.31% in its stock price on October 7th, 2024. This decline is in line with the overall performance of the sector.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Power Grid Corporation of India is 'Hold'. The stock has been on a downward trend for the past 6 days, with a consecutive fall of -10.14% during this period. On the day of October 7th, the stock touched an intraday low of Rs 328, representing a -3.19% decrease.

While the stock's performance today is in line with the sector, it is currently trading higher than its 200 day moving average but lower than its 5 day, 20 day, 50 day, and 100 day moving averages. This indicates a mixed trend for the stock in the short term.

In terms of sector performance, Power Generation/Distribution has also seen a decline of -3.08%. However, one positive aspect for investors is the high dividend yield of 3.31% at the current price.

Comparing the 1 day and 1 month performance of Power Grid Corporation of India to the Sensex, we can see that the stock has underperformed in both time periods. While the Sensex has only seen a -0.37% decline in 1 day, Power Grid Corporation of India has seen a -3.31% decline. Similarly, in the 1 month period, the Sensex has seen a slight increase of 0.25%, while Power Grid Corporation of India has seen a decline of -0.70%.

Overall, the current stock call for Power Grid Corporation of India is 'Hold' and investors should keep an eye on the stock's performance in the coming days.