Powergrid Infrastructure Investment Trust Hits 52-Week Low, Offers High Dividend Yield

Sep 23 2024 03:35 PM IST
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Powergrid Infrastructure Investment Trust (PGInvIT) has seen a decline in its stock price, reaching a 52-week low of Rs. 90.1 on September 23, 2024. The company has been underperforming the sector by -1.35% and has been on a downward trend for the past four days. Despite offering a high dividend yield of 13.3%, its 1-year performance has been -15.24%. MarketsMojo has given a 'Sell' call for the company's stock, indicating a negative outlook.

Powergrid Infrastructure Investment Trust (PGInvIT) has recently hit a 52-week low on September 23, 2024, with its stock price reaching Rs. 90.1. This midcap company, which operates in the miscellaneous industry, has been underperforming the sector by -1.35% today.

The stock has been on a downward trend for the past four days, with a -0.78% return during this period. It is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Despite its recent dip in stock price, Powergrid Infra. offers a high dividend yield of 13.3% at its current price. However, its 1-year performance has been -15.24%, compared to the Sensex's 28.66% growth during the same period.

MarketsMOJO has given a 'Sell' call for Powergrid Infrastructure Investment Trust, indicating a negative outlook for the company's stock. Investors should carefully consider their options before making any investment decisions.
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