Power Grid Shares Slip 2.55% to ₹246.60, Just Above Their 52-Week Low
Power Grid Corporation of India (NSE: POWERGRID) fell 2.55% to ₹246.60 at 1:23 p.m. IST on October 8, 2026. That leaves the stock only 0.31% above its 52-week low of ₹245.85 and puts the state-run transmission company’s market value at about ₹2.3 trillion.
There was no fresh company announcement behind the move. The pressure is on the price, not on a new piece of fundamental news.
Quick answers
- What happened? Power Grid fell 2.55% to ₹246.60 on the NSE during the October 8 session.
- How close is it to its low? 0.31% above the 52-week low of ₹245.85, and 24.12% below the 52-week high of ₹324.95.
- What do analysts say? A 25-analyst consensus is Buy, with an average 12-month target of ₹319.32.
- What were the latest results? Q1 FY27 revenue of ₹114.97 billion, up 3% year over year.
Where the stock traded on October 8?
| Metric | Value |
|---|---|
| Last price (1:23 p.m. IST) | ₹246.60 |
| Day’s change | −2.55% |
| Intraday high | ₹254.00 |
| Intraday low | ₹245.80 |
| Volume | 9,866,485 shares |
| 52-week low | ₹245.85 |
| 52-week high | ₹324.95 |
| Market capitalisation | About ₹2.3 trillion |
The key signal for investors is where the price sits inside its yearly range. A stock this close to its annual low draws attention from both value buyers and traders watching for a breakdown, even without a new trigger.
What did Power Grid report for Q1 FY27?
DSIJ, in a Q1 FY27 update dated August 8, 2026, reported the following consolidated figures:
| Metric | Q1 FY27 | Change |
|---|---|---|
| Revenue | ₹114.97 billion (₹11,497 crore) | Up 3% year over year |
| EBITDA | ₹95.37 billion | Up 4% |
| EBITDA margin | 82.9% | Up 120 basis points |
| Reported profit after tax | ₹37.05 billion | Up 8% |
| Adjusted profit after tax | ₹36.20 billion | n/a |
| Capex | ₹77.70 billion | Up 11% |
| Capitalisation | ₹52.80 billion | n/a |
Read the profit line with care. Q1 FY26 included a one-off gain of ₹2.30 billion, so the adjusted figure of ₹36.20 billion is a cleaner measure of underlying earnings than the reported 8% rise.
The capex and capitalisation numbers show the company is still deploying assets at a steady pace. The revenue growth of 3% is modest, though, which is part of why the market is weighing long-term transmission investment against near-term earnings quality.
What do analysts expect?
According to Investing.com, 25 analysts rate the stock a Buy on consensus: 15 Buy, 7 Hold and 3 Sell. The average 12-month price target is ₹319.32, with a high of ₹400.00 and a low of ₹264.00.
Against ₹246.60, the average target sits 29.49% above the current price. Even the lowest target of ₹264.00 is above where the stock trades today. Targets are estimates, not guarantees, and they tend to lag sharp price moves.
What we don’t know?
- Why the stock fell on this particular day, since no new company announcement was cited
- Whether the ₹245.85 level will hold as support
- How the Q2 FY27 results will compare with the Q1 trend
Power Grid stock at a glance
- Company: Power Grid Corporation of India Limited
- Ticker: POWERGRID (NSE)
- ISIN: INE752E01010
- Sector: Utilities, power transmission
- Index membership: NIFTY 50
- Price data as of: October 8, 2026, 1:23 p.m. IST
Frequently asked questions
Why did Power Grid stock fall on October 8, 2026?
- No fresh company news was cited. The stock fell 2.55% to ₹246.60 and is trading near its 52-week low.
What is Power Grid’s 52-week low and high?
- The 52-week low is ₹245.85 and the 52-week high is ₹324.95.
What is the analyst target price for Power Grid?
- The average 12-month target from 25 analysts is ₹319.32, with a high of ₹400.00 and a low of ₹264.00.
How did Power Grid perform in Q1 FY27?
- Consolidated revenue was ₹114.97 billion, up 3%, and reported profit after tax was ₹37.05 billion, up 8%.
