Power Grid shares decline 3% after capex guidance revision
after close1 source ↓written by the desknot a recommendation
- capex guidance
- ₹35,000 cr
- during a recent
- ₹32,000 cr
Power Grid Corporation of India Ltd saw its shares drop 3% after revising its FY26 capex guidance to ₹35,000 cr from ₹32,000 cr during a recent business update. Despite this adjustment, brokerages remain largely positive, raising target prices but cautioning that near-term earnings translation and moderating dividends may limit upside potential. Analysts noted that execution challenges related to Right-of-Way acquisitions and supply constraints are being addressed.
Not investment advice. For informational purposes only.