POWERGRID - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | POWERGRID | Market Cap | 2,33,907 Cr. | Current Price | 251 ₹ | High / Low | 322 ₹ |
| Stock P/E | 14.9 | Book Value | 106 ₹ | Dividend Yield | 3.58 % | ROCE | 13.0 % |
| ROE | 17.1 % | Face Value | 10.0 ₹ | DMA 50 | 264 ₹ | DMA 200 | 279 ₹ |
| Chg in FII Hold | -0.93 % | Chg in DII Hold | 0.86 % | PAT Qtr | 4,160 Cr. | PAT Prev Qtr | 3,555 Cr. |
| RSI | 37.3 | MACD | -2.68 | Volume | 1,05,61,254 | Avg Vol 1Wk | 1,91,46,961 |
| Low price | 247 ₹ | High price | 322 ₹ | PEG Ratio | 6.00 | Debt to equity | 1.38 |
| 52w Index | 5.42 % | Qtr Profit Var | 6.83 % | EPS | 16.9 ₹ | Industry PE | 15.1 |
📊 Chart & Trend Analysis: POWERGRID is trading at 251 ₹, below both its 50 DMA (264 ₹) and 200 DMA (279 ₹), indicating short-term weakness and medium-term bearish bias. RSI at 37.3 suggests the stock is approaching oversold territory. MACD at -2.68 confirms negative momentum. Bollinger Bands show price leaning towards the lower band, signaling pressure but also potential for a technical rebound if support holds near 247 ₹.
📈 Momentum Signals: Current volume (1.05 Cr.) is lower than the 1-week average (1.91 Cr.), reflecting reduced participation. RSI near oversold levels may trigger a bounce, but sustained recovery requires stronger volume and price action above 264–279 ₹.
🎯 Entry Zone: 247–255 ₹ (near support and oversold RSI)
🚪 Exit Zone: 275–290 ₹ (resistance near 200 DMA and upper trendline)
📌 Trend Status: Consolidating with bearish bias. A reversal is possible if RSI rebounds and price closes above 279 ₹ with volume confirmation.
Positive
- Dividend yield of 3.58% provides steady income for investors.
- ROE at 17.1% indicates strong shareholder returns.
- Quarterly PAT improved from 3,555 Cr. to 4,160 Cr. (+6.83%).
- Market cap of 2.33 lakh Cr. reflects strong industry positioning.
Limitation
- Trading below both 50 DMA and 200 DMA, signaling technical weakness.
- PEG ratio of 6.00 suggests expensive valuation relative to growth.
- Debt-to-equity ratio of 1.38 indicates moderate leverage risk.
Company Negative News
- FII holdings reduced (-0.93%), showing foreign investor caution.
- Stock near 52-week low (247 ₹), reflecting weak sentiment.
Company Positive News
- DII holdings increased (+0.86%), showing domestic support.
- Quarterly profit growth of +6.83% highlights operational strength.
Industry
- Industry PE at 15.1 is slightly higher than POWERGRID’s 14.9, suggesting fair valuation.
- Power transmission sector benefits from infrastructure expansion and energy demand growth.
Conclusion
⚖️ POWERGRID is consolidating with bearish bias, trading below key moving averages but nearing oversold RSI levels. Entry near 247–255 ₹ offers tactical opportunity, while exits around 275–290 ₹ align with resistance. Fundamentals remain stable with strong dividend yield and profitability, but technical weakness and high PEG ratio warrant cautious positioning until a breakout above 279 ₹ confirms reversal.