{"id":412243,"date":"2021-04-27T10:53:55","date_gmt":"2021-04-27T05:23:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412243"},"modified":"2021-04-27T10:53:55","modified_gmt":"2021-04-27T05:23:55","slug":"power-grid-may-rise-10-ahead-of-invit-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-may-rise-10-ahead-of-invit-offer\/","title":{"rendered":"Power Grid may rise 10% ahead of InvIT offer"},"content":{"rendered":"<p>MUMBAI: The shares of Power Grid Corp could gain as much as 10 per cent more ahead of the launch of Power Grid Infrastructure Investment Trust NSE 2.22 %&#8217;s (InvIT) initial public offering. Analysts believe that the InvIT launch could entail an additional dividend payout of \u20b94 to \u20b95 per share along with PowerGrid NSE 0.70 %&#8217;s March quarter result.<\/p>\n<p>&#8220;We believe ahead of the InvIT launch we can see rally in stock led by short covering&#8230; the bullish reversal pattern near the current support levels would lead the stock towards the 230-235 levels,&#8221; said Abhilash Pagaria, senior manager, Edelweiss Alternative Research. Shares of Power Grid, which rose 2.2 per cent to close at \u20b9215.75 on Monday, are down 5 per cent since February 16 when the benchmark indices hit a record high. The Sensex is down 7 per cent from that date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The shares of Power Grid Corp could gain as much as 10 per cent more ahead of the launch of Power Grid Infrastructure Investment Trust NSE 2.22 %&#8217;s (InvIT) initial public offering. Analysts believe that the InvIT launch could entail an additional dividend payout of \u20b94 to \u20b95 per share along with PowerGrid NSE 0.70 %&#8217;s March quarter result. &#8220;We believe ahead of the InvIT launch we can see rally in stock led by short covering&#8230; the bullish reversal pattern near the current support levels would lead the stock towards the 230-235 levels,&#8221; said Abhilash Pagaria, senior manager, Edelweiss [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-412243","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=412243"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412243\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}