Power Grid Corporation Reports Market Cap of Rs 2.71 Lakh Crore, Offers 3.06% Dividend Yield

Power Grid Corporation of India, a prominent player in the power industry, is currently trading in line with sector performance. The stock is positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its short to long-term performance metrics.
With a market capitalization of Rs 2,71,159.10 crore, Power Grid Corporation has a price-to-earnings (P/E) ratio of 17.54, which is notably lower than the industry average of 21.45. This suggests that the stock may be valued attractively compared to its peers in the power sector.

In terms of dividend yield, Power Grid Corporation offers a high yield of 3.06%, reflecting its commitment to returning value to shareholders. Over the past year, the stock has experienced a decline of 8.33%, contrasting with the Sensex's gain of 6.03%. However, its performance over longer periods shows resilience, with a remarkable 296.57% increase over the last decade, significantly outperforming the Sensex's 213.72% growth in the same timeframe.