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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
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