3 days ago
Power Grid Corporation of India Limited (POWERGRID) was upgraded to a Hold Rating at Bank of America Securities
Power Grid Corporation of India Limited received a Hold rating and a INR292.00 price target from Bank of America Securities analyst Amish Shah today. The company's shares closed last Friday at INR284.85.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Shah is ranked #6480 out of 9897 analysts.
In addition to Bank of America Securities, Power Grid Corporation of India Limited also received a Hold from Investec's Anuj Upadhyay in a report issued on August 5. However, on the same day, HSBC maintained a Sell rating on Power Grid Corporation of India Limited (NSE: POWERGRID).
Based on Power Grid Corporation of India Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR122.75 billion and a net profit of INR41.43 billion. In comparison, last year the company earned a revenue of INR119.78 billion and had a net profit of INR41.66 billion
