Power Grid stock may be fully pricing in near-term growth prospects

The company is a steady performer with good dividend yield (payout was Rs 14.75 in FY23, same as FY22)

Public sector undertaking (PSU) Power Grid Corporation of India is the country’s largest power transmission utility with transmission lines of 174,113 ckt (circuit kilometre) and 499,360 MVA (mega volt amp) of transformation capacity.

It transmits about 45 per cent of total power generated in India. It also undertakes transmission-related consultancy to more than 150 domestic clients and owns and operates 71,673 km of telecom networks.

In the fourth quarter of the 2022-23 financial year (Q4FY23), firm’s revenue from operations increased 12.5 per cent year-on-year (YoY) to Rs 11,494.9 crore. Core transmission revenues grew 15 per cent YoY at Rs 11,502.3