Hot Chips - Power Grid

Power Grid
BSE code: 532898
Volume: 1700442
CMP: Rs 90.00

Power Grid, a Navratna Public Sector Enterprise, is one of the largest transmission utilities in the world. The company generates about 45 per cent of the total power generated in the country on its transmission network. The company has also diversified into the telecom business and established a telecom network of more than 19,000 kms across the country. The company has managed to put up a good financial performance for FY08 with a decent increase in the margins as well. As per a few leading brokers, the counter might continue witnessing increase in the investor's interest on account of the sharp correction that has happened in the last few weeks. Thus investors with long-term investment horizon can invest in the company.