External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Power Grid Corporation Of India / Equity Bottom-Up

Power Grid Corporation Of India (PWGR IN)

<ul>
<li>Power Grid transmits about 50% of total power generated in India to its transmission network</li>
<li>It also undertakes transmission related consultancy to more than 150 domestic clients and owns and operates 71673 km of telecom network</li>
<li>Maintain BUY rating on the stock. We value the stock at Rs 220 i.e. 1.9x FY23E book value</li>
</ul>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>


Power Grid transmits about 50% of total power generated in India to its transmission network
It also undertakes transmission related consultancy to more than 150 domestic clients and owns and operates 71673 km of telecom network
Maintain BUY rating on the stock. We value the stock at Rs 220 i.e. 1.9x FY23E book value

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Power Grid Corporation Of India

Power Grid: Strong Capitalisation, Capex