1. I am optimistic on the prospects of Power Grid corporation and time has come to make an entry in the stock as it is available at competitive price. However only negative factor for this stock is that it can touch upto 75 on the lower side if market collapses.
2. However its downside is limited but it has an upside close to 40-50 percent which can be generated in next 1-1.5 year time frame and I do not think that any investment can yield better returns than this investment.
3. I am going to buy this stock as a systematic plan adding 100 shares with every 5 Rs fall in the stock if it occurs and adding 100 shares with every Rs 3 rise in stock price till it touches the level of 100.
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2. However its downside is limited but it has an upside close to 40-50 percent which can be generated in next 1-1.5 year time frame and I do not think that any investment can yield better returns than this investment.
3. I am going to buy this stock as a systematic plan adding 100 shares with every 5 Rs fall in the stock if it occurs and adding 100 shares with every Rs 3 rise in stock price till it touches the level of 100.
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