Power Grid Corporation of India Ltd (PGRD.NS) shares jumped 5.5%, trading higher at 12:45 PM IST. The rally was driven by strong investor sentiment following raised FY26 capex guidance and robust sectoral demand. Analysts see this as a positive signal for India’s infrastructure and energy growth.
Shares of Power Grid Corporation of India Ltd (PGRD.NS) surged 5.5% on February 2, 2026, last trading higher at 12:45 PM IST, significantly outperforming the broader market indices. The rally comes on the back of renewed investor confidence in the company’s expansion plans and its pivotal role in India’s energy infrastructure.
Key Highlights:
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Stock performance: Power Grid shares rose 5.5% intraday, marking one of the strongest sectoral moves in utilities.
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Capex boost: The surge follows the company’s recent announcement of raising its FY26 capital expenditure guidance to ₹320 billion from ₹280 billion, signaling aggressive infrastructure expansion.
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Sectoral demand: Rising electricity consumption and integration of renewable energy projects have strengthened investor sentiment toward transmission companies.
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Market impact: The stock’s rally provided support to the Nifty Energy index, which traded higher in midday sessions.
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Investor outlook: Analysts believe Power Grid’s strong fundamentals, government backing, and focus on grid modernization will continue to drive long-term growth.
Outlook:
With India’s energy transition accelerating, Power Grid’s robust capex plans and operational efficiency position it as a key beneficiary of infrastructure-led growth.
Sources: Reuters, Economic Times Markets, Mint Business, Business Standard