PGCIL
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights:
- Aided by stable operating performance, Power Grid’s focus is now on higher capitalisation
- The surge in T&D capex provides robust visibility for the next five years
- Strong project pipeline and increased capex guidance are poised to propel growth
- Stock trading at 2.6 times fiscal 2026 estimated book value offering dividend yield of 4 percent
Under the prevailing market conditions, companies with (revenue?) visibility and a reasonable amount of earnings certainty would be a good pick. Moreover, if they offer comfort on