POWERGRID

Power Grid Corporation of India Limited, a utility giant, has uncharacteristically lagged its peers like NTPC and REC. However, this might just present a solid value opportunity. The stock is currently nearing crucial support levels between ₹235-₹250, and it has consistently tested a resistance trendline five times without breaking. With summer around the corner, power demand will naturally surge, benefiting utilities. If Power Grid can bounce decisively from current support and finally breach that long-standing resistance, it could deliver substantial returns. For value-oriented investors seeking stability and decent dividend yields in infrastructure, Power Grid is certainly worth a closer look.