Power Grid Board Approves Fundraise Of Up To Rs 5,000 Crore — Details Here
Power Grid is in focus.
· NDTV Profit, LiveMint Markets
The bonds will have a tenure of 10 years from the deemed date of allotment, with annual redemption payments beginning from the end of the fourth year.
The analysis
Power Grid reported Rs 5,000 Crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.9% on the day at ₹245.70, and has returned -11.9% over three months. It sits 23% below its 52-week high. The power sector has moved -13.4% over the same period, so Power Grid is running 1.5 points ahead of its peers.
For Power Grid, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is POWERGRID.
- Sector exposure: Power.
In this story
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