POWERGRID

Power Grid Corporation's stock has delivered impressive relative performance during the recent market downturn, generating positive alpha across all timeframes. Year-to-date, the stock has advanced 15.61% whilst the Sensex declined 11.71%, producing alpha of 27.32 percentage points. This outperformance reflects the defensive characteristics of regulated utilities during periods of market volatility, as investors seek stable cash flows and dividend income. Over the past year, Power Grid Corporation returned 2.09% compared to the Sensex's decline of 8.84%, though this represents significant underperformance versus the broader power sector's 21.36% return. The stock's underperformance by 19.27 percentage points relative to the power sector highlights investor preference for higher-growth generation and renewable energy companies over the mature transmission business. From a technical perspective, the stock recently shifted to a "BULLISH" trend on May 15, 2026, at ₹305.85, upgrading from "Mildly Bullish". The stock trades below its 20-day moving average of ₹314.89, suggesting near-term consolidation, but remains above its 200-day moving average of ₹285.72, indicating a positive long-term trend. With a beta of 0.66, Power Grid Corporation exhibits lower volatility than the broader market, reinforcing its defensive characteristics.