Power Grid Share Price Target 2024, 2025, 2026 to 2030: Can it reach 1000 INR?

Power Grid Corporation of India (NSE: POWERGRID) may be a good option for investors seeking a potential stock on the Indian market. The corporation has demonstrated a commitment to growth and expansion by having its board recently approved an investment of more than 803 crore rupees. However, what are the prospects for its share price over the following years?

In this article, we’ll look at the variables affecting the Electricity Grid Corporation of India’s performance and determine whether it’s a worthwhile investment to purchase its shares. Based on professional analysis and market trends, we’ll also project the company’s share price for the period from 2024 to 2030. The state or government owns the largest percentage of the company’s shares, or around 54%, to be exact. In other words, the group has the most potential to profit (or lose) from its investment in the business. Institutions, on the other hand, own 33% of the business. Younger, smaller businesses frequently have a major portion owned by insiders, whereas large businesses typically have institutional investors.

Power Grid Corporation Q3 FY24 Results Summary

• Consolidated net profit rises by 10.5% to Rs 4,028.25 crore.
• Second interim dividend of Rs 4.5 per equity share declared.
• Revenue from operations increases by 2.6% to Rs 11,549.79 crore.
• EBITDA grows by 3.2% to Rs 10,482.8 crore with a margin of 89%.
• Transmission business revenue rises to Rs 11,314.24 crore.
• Telecom business earnings decrease slightly to Rs 185.74 crore.
• Analysts’ expectations of a net profit decline countered by actual performance.
• Marginal increase in consolidated revenue to Rs 11,819.70 crore, up 2.5%.
• Transmission costs are anticipated to impact profitability, but performance remains robust.

How to Purchase Power Grid Corporation of India shares?

You can buy Power Grid Corporation of India shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Power Grid Corporation of India: 2024 to 2030

Power Grid Share Price Target 2024

In 2024, Power Grid’s share price fluctuated between a maximum of ₹341.61 in December and a minimum of ₹258.71 in May. The company’s market capitalization stands at ₹2,67,862 Cr.

As of March 1st, 2024, the current share price is ₹288, with a high/low of ₹294/₹164. Its stock P/E ratio is 17.0, while the dividend yield is 3.85%. Additionally, Power Grid’s ROCE stands at 13.1%, ROE at 19.6%, and face value at ₹10.0.

Power Grid Share Price Target 2025

In 2025, Power Grid’s share price is projected to reach highs of ₹416.48 in December, with lows around ₹268.04 in January.

Power Grid Share Price Target 2026

Financial Condition of Power Grid Corporation of India: Last 5 years

FAQS

Will the share price of Power Grid Corporation of India increase in 2024?

It is anticipated that Power Grid Corporation of India’s share price will increase to ₹341.61 by the end of 2024.

What is Power Grid Corporation of India’s share price target for 2025?

The share price target of Power Grid Corporation of India for 2025 might be around ₹416.48.

Does the Power Grid fall under the category of large-cap companies?

Yes, Power Grid is classified as a Large-cap company, with a market capitalization of Rs 2,67,862 crore.

Can the Power Grid reach 1000 INR by 2030?

According to our analysis, it can reach 1000 INR by 2030. The maximum it could reach is Rs. 1,132.64 by the end of 2030.

Can the Power Grid be considered a monopoly?

Due to the substantial capital required in this industry, only the government can provide it, which positions Power Grid as a monopoly participant.

Also read:

• Brightcom Group Share Price Target 2024 to 2030: Can (NSE: BCG) touch 100 INR by 2030?
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• Century Plyboards Share Price Target 2024 to 2030: Can Century Plyboards(NSE: CENTURYPLY) touch 1000 INR in 2023?

Conclusion

As can be seen from its financial statement, Power Grid Corporation of India has had continuous growth in terms of its earnings, revenues, and profits over the past five years. Also, PGCI is well-positioned to profit from the anticipated rise in India’s power sector and carry on producing wholesome returns for its investors.

According to this information, PGCI shares may present a solid investment option for those looking for stability and long-term growth in the power sector. Before making any investment selections, it’s crucial to thoroughly analyze the company’s finances, market trends, and other pertinent elements.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.