Power Grid shares rally 13% in two days on higher FY26 capex guidance

Shares of Power Grid Company of India surged almost 5% on Tuesday to a day’s excessive of Rs 282.9 on the NSE. This marks the second consecutive session of robust good points, with the replenish round 13% over two days after the corporate raised its FY26 capex guidance from Rs 28,000 crore to Rs 32,000 crore.

The PSU additionally raised its capitalisation guidance to Rs 22,000 crore, up from the sooner estimate of Rs 20,000 crore.

Final week, Power Grid reported an 8% year-on-year improve in its December quarter web revenue, reaching Rs 4,185 crore in comparison with Rs 3,862 crore in the identical interval final yr. On a sequential foundation, the revenue after tax (PAT) jumped 17% from Rs 3,566 crore in the July-September quarter of FY26.

Income from operations for the quarter stood at Rs 12,395 crore, up 10% YoY from Rs 11,233 crore, and eight% quarter-on-quarter, reflecting regular development. The corporate’s gross fastened belongings as of December 31, 2025, have been reported at Rs 3 lakh crore.

Within the Union Funds 2026, the federal government proposed a 19% improve in complete funding by 9 state-owned energy sector corporations, bringing the whole to Rs 1,01,762.92 crore for 2026-27. As a part of this, Finance Minister Nirmala Sitharaman advised elevating Power Grid’s funding to Rs 37,000 crore in the following fiscal yr, up from the revised estimate of Rs 28,000 crore and the budgeted estimate of Rs 25,000 crore.

On the technical entrance, Power Grid reveals a bullish outlook. Its 14-day RSI stands at 59.9, properly beneath the overbought stage of 70, suggesting there’s nonetheless potential for upward motion. Moreover, the inventory is buying and selling above 7 of its 8 main easy transferring averages (SMAs), additional reinforcing a robust optimistic pattern.

Within the December 2025 quarter, Mutual Funds elevated their stake in Power Grid from 13.35% to 14.25%, whereas International Portfolio Buyers (FPIs) diminished their holdings from 25.66% to 24.73%.Additionally learn: Rs 13 lakh crore increase! Sensex surges 3,500 pts, Nifty soars almost 5%. India-US commerce deal amongst prime elements behind rally

Sturdy quarterly efficiency, higher capex guidance, and beneficial authorities funding plans have fueled a stable rally in Power Grid’s shares, making the inventory technically bullish in the close to time period.

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