Sunday 23 June 2019

Triple Bottom Potential Breakout Trade

Power Grid Corporation of India Ltd
Power Grid Corporation of India is principally engaged in planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS), Telecom and consultancy services.

Market Cap:  104,579 Cr. 
Current Price:  199.90 
52 weeks High / Low  205.00 / 172.50 
Book Value:  112.81 
Stock P/E: 10.53 
Dividend Yield: 2.63 % 
ROCE: 10.21 % 
ROE: 15.83 % 
Sales Growth (3Yrs): 20.09 %

*Triple Bottom Breakout
*Consolidating in a range from last 8 months.
*Trading above 200 MovingAvg
*Promoter's stake has increased
*Company has been maintaining a healthy dividend payout of 27.97%

Watchout Close above 205.5 For Breakout
Buy on dips in pullback till 193/90 SL 175 Target 288++

For Technical Analysis Contact : 7977151052 

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