Buy or Sell: Power Grid shares to give 5 pct return in one month, predict experts

Buy or Sell: Power Grid Corporation share price is poised to move upside as the counter has positive exponential moving average in all short-term, mid-term and long-term and interestingly the short-term average is more than mid-term, mid-term average is more than long-term average, which makes Power Grid Corporation stock a highly bullish share to buy, say, experts. As per the stock market experts, the counter has made a breakout above Rs 203 and it can easily scale 5 per cent in short-term means from one week to one month time.

Speaking on the Power Grid Corporation share price outlook Prakash Pandey, Head of Research at Fairwealth Securities said, "The exponential moving average of Power Grid Corporation share price is positive in 21 days, 63 days and 200 days that makes Power Grid Corporation stock highly bullish in all short-term, mid-term and long-term perspective. The stock is poised to give at least 5 per cent returns in one week to one-month time frame." He said that the power Grid Corporation can be bought at the current market price (Rs 206/stock) as it has made a break out at Rs 203 per shares.

See Zee Business video below:

कैसे रहेंगे @MCXIndialtd के नतीजे?
जानने के लिए देखें MCX के नतीजों पर ज़ी बिज़नेस का अनुमान।#ResultsOnZB @sandeepgrover09 @AnilSinghviZEE pic.twitter.com/VIAGtmxik7

— Zee Business (@ZeeBusiness) July 16, 2019

On the suggestion to the stock market investors in regard to the Power Grid Corporation share price Prakash Pandey of Fairwealth Securities said, "An investor can buy the Power Grid stock at current market price for the immediate target of Rs 216 in short-term perspective maintaining stop-loss at Rs 199 per shares."

Giving details about the fundamentals of the Power Grid Corporation share price Debanjana Chatterjee, Analyst at HDFC Securities said, "The company’s (Power Grid Corporation) business segments are Transmission, Consultancy, Telecom and ULDC/RLDC. The company maintained the availability of the transmission network at 99.71% with the number of tripping per line contained at 0.46 for FY19." She advised stock market investors to add on dips if the stock goes down Rs 200 price as it is looking positive and may show Rs 230 per stock levels.