Stock Market Advice

August 29 Tips valid upto september 20, 21

Buy Power Grid Corp Ltd (POWERGRID) with medium term target 112 current price 104 stock market advice by VM.VENKATESH.

stock market advice PE = 21.52 – 27/08/10

EPS = 4.85 – Mar, 10

Face Value = Rs 10

Dividend =10% – 26/05/10

Our technical view on Power Grid Corp Ltd

POWERGRID 52 week high is 121 and 52 week low is 95.

POWERGRID is in a bullish trend and having a resistance in 113-115 level.

This share having a support in 102 level if close below 102 it will bear up to 98 level, 98 is a strongest support for Power Grid Corporation.

Important Competitors for POWERGRID

Reliance Infrastructure, Tata Power Company, Gujarat Industries Power Co, CESC, Neyveli Lignite Corporation

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