PowerGridStock is a fundamentally healthy pick with the following pros :
- Healthy operating profit margins over the past 7 quarters
- Increasing trend in EPS over the past 3 quarters
- Healthy dividend payout ratio
- Company has a good future considering EV future.
Technically is can be considered that 207 is a good support line below which it may confirm its weakness. Now it is in the range marked with the rectangle. A rejection from the support may be a good entry point for decent gains. Another option for risky investors is to enter within the range currently. Upside upto 220/230 levels can be seen in upcoming weeks if market supports.
