Power Grid Faces Dividend Concerns, Boosts Capex

Published 1 year ago

Power Grid (PGRD) is down 2.4% after warning of a dividend cut, despite increasing its capital expenditure (capex) outlook to $5.25 billion. Analysts are divided; some foresee stock pressure while others emphasize growth potential tied to ROE.

Dividend cut sparks concern among investors.
Capex hiked to 450 billion rupees.
Ambit Capital views PGRD as a growth stock.

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