Powergrid Infrastructure Investment Trust Hits 52-Week Low Amid Prolonged Decline

Jan 15 2025 10:35 AM IST
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Powergrid Infrastructure Investment Trust has hit a new 52-week low, continuing a nine-day decline with a total loss of 5.31%. The trust has underperformed its sector and is trading below key moving averages. Over the past year, it has declined by 20.61%, despite offering a high dividend yield of 14.6%.
Powergrid Infrastructure Investment Trust has reached a new 52-week low, trading at Rs. 81.5 on January 15, 2025. This marks a significant decline for the midcap company, which has experienced a downward trend for nine consecutive days, resulting in a total loss of 5.31% during this period.

In terms of market performance, Powergrid Infrastructure has underperformed its sector by 1.12% today. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the investment trust has seen a decline of 20.61%, contrasting sharply with the Sensex, which has gained 4.70% in the same timeframe.

Despite these challenges, Powergrid Infrastructure Investment Trust offers a high dividend yield of 14.6% at its current price, which may attract income-focused investors.
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