Power Grid : Diversifying

M

MiLiNDOnline

Member
#1
#1
njoy_deep said:
Dear Friends ! I just read the same on rediff. Will it IMPACT on stock price ? Why this stock is still in Red (on 8th Jan).


Power Grid has capex of Rs 5500 crore and plans to diversify into the telecom sector, entertainment and tower business, says RP Singh, CMD of the company, on NDTV Profit. The company expects turnover of Rs 5000 crore for FY08 and is in discussions with the government to exploit telecom potential, he adds.

Kindly share your views I am holding Power Grid @ 155. Kindly advice me.
Click to expand...

I dont think that this will impact on stock price in LT... PG is a good stock to hold for LT
 
N

nansrired

Member
#2
#2
No idea why Power Grid is priced so low 142 with so much of turnover whereas RNRL without even a proper office and waiting just for court settlement is 250.

Anybody explain the phenomena
 
S

surfingminds

Active Member
#4
#4
if we could understand the phenominon. I would have baught RNRL insteal of Powergrid. I am holding both for long term. RNRL has done wonders and expect powergrid to be a decent one.
 
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