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ā¢ Sharekhan has recommended a buy rating on Power Grid Corporation of India with a target price of Rs. 240.
ā¢ Q2 standalone PAT rose 5% y-o-y to Rs. 3,795 crore, and consolidated asset capitalisation rose 28% y-o-y to Rs. 3997 crore in H1FY24.
ā¢ Management guided for capex/asset capitalization of Rs. 10000 crore/Rs. 10000 crore for FY24 and Rs. 12,500 crore/Rs. 17,000 crore for FY25.