Power Grid Corporation Faces Recent Decline Amid Broader Sector Weakness

Power Grid Corporation of India has experienced a notable decline of 3.31% on May 9, 2025, underperforming its sector by 1.32%. The stock has been on a downward trend for the past two days, accumulating a total loss of 4.26% during this period. It opened the day with a gap down of 2.7%, reaching an intraday low of Rs 297.6, reflecting a decrease of 3.33%.
In terms of moving averages, the stock is currently positioned above the 50-day and 100-day moving averages but below the 5-day, 20-day, and 200-day averages. The broader Power Generation/Distribution sector has also seen a decline, falling by 2.33%.

Despite the recent downturn, Power Grid Corporation of India maintains a high dividend yield of 3.38% at its current price. Over the past month, the stock has shown a modest gain of 1.60%, contrasting with the Sensex's performance of 7.58%. However, year-to-date, the stock has declined by 3.43%, while the Sensex has increased by 1.67%. Over the longer term, the stock has demonstrated significant growth, with a 233.09% increase over the past five years.