Power Grid Corporation of India Shows Positive Short-Term Gains Amid Sector Challenges

Jan 15 2025 11:00 AM IST
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Power Grid Corporation of India experienced a notable increase on January 15, 2025, continuing a positive trend with gains over two consecutive days. Despite recent challenges, the stock remains above its 5-day moving average and offers a high dividend yield, appealing to income-focused investors.
Power Grid Corporation of India has shown a significant increase of 3.39% on January 15, 2025, outperforming its sector by 0.42%. This marks a positive trend, as the stock has gained for two consecutive days, totaling a return of 4.85% during this period. On this day, it reached an intraday high of Rs 302.35, reflecting a rise of 3.49%.

Currently, the stock is above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. The broader Power Generation and Distribution sector has also seen gains, increasing by 2.57%.

However, Power Grid Corporation of India has faced challenges over the past month, experiencing a decline of 9.61%, while the Sensex dropped by 6.36%. The company maintains a high dividend yield of 4%, which may attract income-focused investors.
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