−22% from the high · +1.8% from the low
Short build-up into a 26-day expiry: futures OI +0.8% on a −2.3% day, the most call OI sits at 270, the most put OI at 270, max pain 265.
POWERGRID futures closed at ₹256.35, +0.7% to spot, with 96% of open interest in the 27 Oct contract, and the 255 straddle prices a move of about ±4.3% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹256.35 | +1.80+0.7% | +9.9% | 34,000▲ +0.6% · +200 lots | 96 | 3,900 |
| 23 Nov53 days | ₹253.40 | −1.15−0.5% | −3.1% | 1,300▲ +4.7% · +56 lots | 3.6 | 230 |
| 29 Dec89 days | ₹254.30 | −0.25−0.1% | −0.40% | 38▲ +533.3% · +32 lots | 0.11 | 46 |
3.7% of futures OI sits beyond the 27 Oct contract · 45 of 65 listed contracts traded · 21,000 option contracts changed hands
The 255 straddle closed at ₹10.90 (call 6.25 + put 4.65), pricing a move of about ±4.3% by the 27 Oct expiry. In the last 253 windows of 19 sessions, POWERGRID moved more than that 100 times.
After the last 8 bulletins, POWERGRID closed higher five sessions later in 3 of 7.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 27 SeptPower Grid approves ₹10,000 crore loan from SBI | ▼ −2.8%Nifty −1.6% · −1.3 pp | ▼ −3.0%Nifty −1.8% · −1.1 pp | —not reached | ▲ +4.8%short build-up |
| 22 SeptPOWERGRID plans ₹50 billion bond issue for 2026-27 | ▲ +1.6%Nifty +0.5% · +1.1 pp | ▲ +0.2%Nifty −1.1% · +1.3 pp | ▼ −2.0%Nifty −3.0% · +1.0 pp | ▼ −2.1%short covering |
| 22 SeptPOWERGRID plans ₹50 billion bond issue for 2026-27 | ▼ −0.1%Nifty −0.4% · +0.3 pp | ▲ +1.5%Nifty +0.1% · +1.4 pp | ▼ −1.7%Nifty −3.0% · +1.3 pp | ▼ −0.7%long unwinding |
| 28 JulPOWERGRID invites bids for 500 MW battery storage project | ▼ −0.9%Nifty +1.1% · −2.0 pp | ▲ +0.1%Nifty +1.4% · −1.2 pp | ▼ −1.2%Nifty +2.7% · −3.9 pp | ▲ +1.9%short build-up |
| 28 JulPOWERGRID invites bids for 500 MW battery storage project | ▼ −1.2%Nifty 0.0% · −1.2 pp | ▼ −2.1%Nifty +1.1% · −3.1 pp | ▼ −1.9%Nifty +2.6% · −4.5 pp | ▼ −0.3%long unwinding |
| 16 JulPOWERGRID commissions 7 GW Khavda transmission link in Gujarat | 0.0%Nifty 0.0% · 0.0 pp | ▲ +1.0%Nifty +1.1% · 0.0 pp | ▲ +3.2%Nifty −0.9% · +4.1 pp | 0.0%short covering |
| 28 JunPower Grid raises borrowing limit to ₹2.2 lakh crore | ▲ +0.8%Nifty −0.5% · +1.3 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +0.5%Nifty +1.6% · −1.0 pp | ▼ −0.6%short covering |
| 27 JunPower Grid raises borrowing limit to ₹2.2 lakh crore | ▲ +0.8%Nifty −0.5% · +1.3 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +0.5%Nifty +1.6% · −1.0 pp | ▼ −0.6%short covering |
Revenue ₹11,497 cr, +2.7% on a year earlier; profit ₹3,598 cr, −0.89% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 5 Aug | ₹11,497 cr | ▲ +2.7% | ₹3,598 cr | ▼ −0.89% | 3.87 | ▼ −3.9%Nifty +0.1% · −4.0 pp |
| Mar 2026filed 15 May | ₹11,666 cr | ▼ −5.0% | ₹4,546 cr | ▲ +9.7% | 4.89 | ▼ −3.0%Nifty 0.0% · −3.1 pp |
| Dec 2025filed 30 Jan | ₹12,395 cr | ▲ +10% | ₹4,185 cr | ▲ +8.4% | 4.50 | ▼ −2.0%Nifty −2.0% · −0.1 pp |
| Sept 2025filed 3 Nov | ₹11,476 cr | ▲ +1.8% | ₹3,566 cr | ▼ −6.0% | 3.84 | ▼ −3.1%Nifty −0.6% · −2.5 pp |
| Jun 2025filed 30 Jul | ₹11,196 cr | ▲ +1.7% | ₹3,631 cr | ▼ −2.5% | 3.90 | ▲ +0.7%Nifty −0.3% · +1.1 pp |
| Mar 2025filed 20 May | ₹12,275 cr | ▲ +2.5% | ₹4,143 cr | ▼ −0.56% | 4.46 | ▼ −2.0%Nifty −1.1% · −1.0 pp |
| Dec 2024filed 4 Feb | ₹11,233 cr | ▼ −2.7% | ₹3,862 cr | ▼ −4.1% | 4.15 | ▼ −0.2%Nifty −0.2% · 0.0 pp |
| Sept 2024filed 7 Nov | ₹11,278 cr | ▲ +0.09% | ₹3,793 cr | ▲ +0.31% | 4.08 | ▼ −1.7%Nifty −1.2% · −0.6 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹46,733 cr | ▲ +2.0% | ₹15,928 cr | ▲ +2.6% | 17.13 |
| FY25to Mar 2025 | ₹45,792 cr | ▼ −0.11% | ₹15,521 cr | ▼ −0.33% | 16.69 |
| FY24to Mar 2024 | ₹45,843 cr | — | ₹15,573 cr | — | 18.03 |
POWERGRID trades at 15 times trailing earnings, 2.4 times book value, revenue +2.3% over twelve months, a 7.1% dividend yield, market cap ₹2,40,000 cr.
Promoters hold 51.3%, foreign portfolio investors 24.3%, mutual funds 13.6% and insurance companies 5.4%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 51.340.00 pp | 51.340.00 pp | 51.340.00 pp | 51.340.00 pp | 51.34 |
| Foreign portfolio investors | 24.33▼ −0.69 pp | 25.02▲ +0.29 pp | 24.73▼ −0.93 pp | 25.66▼ −0.84 pp | 26.50 |
| Mutual funds | 13.62▲ +0.06 pp | 13.56▼ −0.69 pp | 14.25▲ +0.90 pp | 13.35▲ +0.54 pp | 12.81 |
| Insurance companies | 5.38▲ +0.41 pp | 4.97▲ +0.43 pp | 4.54▲ +0.42 pp | 4.12▲ +0.25 pp | 3.87 |
| Banks and financial institutions | 1.70▲ +0.10 pp | 1.60▲ +0.13 pp | 1.47▼ −0.46 pp | 1.93▲ +0.05 pp | 1.88 |
| Individual investors | 3.20▲ +0.09 pp | 3.11▼ −0.17 pp | 3.28▲ +0.09 pp | 3.19▼ −0.02 pp | 3.21 |
| Bodies corporate | 0.28▲ +0.04 pp | 0.24▲ +0.01 pp | 0.23▼ −0.03 pp | 0.26▲ +0.02 pp | 0.24 |
| Others | 0.15▼ −0.01 pp | 0.160.00 pp | 0.16▲ +0.01 pp | 0.15▼ −0.01 pp | 0.16 |
Nothing upcoming on record; the last was a dividend of ₹1.25 a share, ex-date 13 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 13 Aug 2026 | dividend | ₹1.25 | 13 Aug 2026 | BSE |
| 9 Feb 2026 | dividend | ₹3.25 | 9 Feb 2026 | BSE |
| 10 Nov 2025 | dividend | ₹4.50 | 10 Nov 2025 | BSE |
| 19 Aug 2025 | dividend | ₹1.25 | 19 Aug 2025 | BSE |
| 7 Feb 2025 | dividend | ₹3.25 | 7 Feb 2025 | BSE |
| 14 Nov 2024 | dividend | ₹4.50 | 14 Nov 2024 | BSE |
| 16 Aug 2024 | dividend | ₹2.75 | 16 Aug 2024 | BSE |
| 15 Feb 2024 | dividend | ₹4.50 | 15 Feb 2024 | BSE |
POWERGRID is −4.6% over 20 sessions against Nifty's −6.2%, 22% below its 52-week high, realised volatility 23% annualised.
| Window | From ₹ | POWERGRID % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹282.24 | ▼ −9.8% | ▼ −9.1% | −0.75 |
| 120 sessionssince 9 Apr | ₹298.10 | ▼ −15% | ▼ −5.7% | −8.9 |
| 60 sessionssince 8 Jul | ₹279.69 | ▼ −9.0% | ▼ −6.1% | −2.9 |
| 20 sessionssince 2 Sept | ₹266.80 | ▼ −4.6% | ▼ −6.2% | +1.7 |
| 5 sessionssince 24 Sept | ₹266.41 | ▼ −4.4% | ▼ −2.8% | −1.7 |
| 1 sessionsince 30 Sept | ₹260.49 | ▼ −2.3% | ▼ −0.88% | −1.4 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.