Sunday, October 13, 2024
HomeStockspower grid: Stock Radar: Power Grid rallies 80% in a year to...

power grid: Stock Radar: Power Grid rallies 80% in a year to hit a fresh record high; what should investors do?

-


Analyst recommended traders to buy the stock for a target of Rs 375 in the next 1-2 weeks, and a stop loss could be placed below Rs 350 on a closing basis.

Synopsis

Over the past year, the power stock surged by over 80%, climbing from Rs 198 on September 25th, 2023, to Rs 363 today. While showcasing robust performance over the last 12 months, the stock has experienced a slight consolidation in the recent two months.

Power Grid Ltd has rallied over 80% in a year to hit a fresh record high in September and the chart pattern suggests that the rally may not be over yet.Short-term traders can look to buy the stock for a target of Rs 375 in the next 1-2 weeks, suggested experts.The power stock rose from Rs 198 as of 25th September 2023 to Rs 363 recorded on 25th September 2024, which translates into an upside of over 80% in a year. It witnessed a strong price

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​



Source link

LATEST POSTS

NITI Aayog: Consultant to be hired to study impact of rural jobs scheme

The Centre will soon start evaluation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to assess its on-ground impact and further improve...

Jio writes to telecom minister Scindia, seeks auction for satcom spectrum

Reliance Jio has sought telecom minister Jyotiraditya Scindia's intervention to get regulator TRAI to issue a revised consultation paper on a proposed...

How Bad Could This Get?

If you own Boeing (NYSE: BA) stock, you've probably been glued to news of the protracted labor strike by Boeing's machinists union, now entering...

Wipro bonus issue: Wipro board to consider bonus issue of shares along with Q2 results

The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024."The Board will...

Most Popular

spot_img