Consolidated revenue fell marginally to Rs 12,305.4 crore in the three months ending March 31, 2024 from Rs 12,557.4 crore in the year-ago quarter, registering a fall of 2 percent.
Power Grid has been maintaining its bullish trajectory, with prices staying within an upward channel and consistently achieving higher highs on daily and weekly charts, said SMC Global.
Many brokerages are optimistic about Power Grid due to transmission opportunities, though Nuvama highlights risks such as a slower order book and increased competition from competitive bidding.