Power Grid Corporation Shows Resilience Amid Sector Gains and Moving Average Trends

Apr 03 2025 01:00 PM IST
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Power Grid Corporation of India has rebounded after three days of decline, gaining 3.66% on April 3, 2025. The stock has outperformed the broader sector and shows resilience with a one-month performance of 17.52%. Its high dividend yield and strong position in the industry further enhance its market appeal.
Power Grid Corporation of India has shown notable activity today, gaining 3.66% on April 3, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to this uptick. The stock reached an intraday high of Rs 297.2, outperforming the broader Power Generation/Distribution sector, which rose by 2.03%.

In terms of moving averages, Power Grid's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The stock's high dividend yield of 3.63% at the current price adds to its appeal in the market.

Overall, Power Grid Corporation of India has demonstrated resilience, with a one-month performance of 17.52%, significantly outperforming the Sensex, which has gained only 4.44% in the same period. Over the past year, the stock has increased by 6.03%, compared to the Sensex's 3.32% rise. This performance highlights Power Grid's strong position within the large-cap power generation and distribution industry.
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