Power Grid shares fall 3% after capex guidance revision
Power Grid Corporation's shares dropped 3% following a capex guidance revision to ₹35,000 cr for FY26, up from ₹32,000 cr. Brokerages remain optimistic but caution about near-term earnings and dividend moderation.
pre-market1 source ↓written by the desknot a recommendation
- after revising
- 3%
- capex guidance
- ₹35,000 cr
- ₹32,000 cr
Power Grid Corporation of India Ltd saw its shares decline 3% after revising its FY26 capex guidance to ₹35,000 cr from ₹32,000 cr. Despite this, brokerages remain positive, raising target prices while cautioning that near-term earnings translation and moderating dividends may limit upside. Execution challenges are reportedly being addressed, which may support future growth.
Not investment advice. For informational purposes only.