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Stocks that will see action on March 3, 2023

India Grid Trust (IndiGrid) has posted 27 per cent rise in consolidated net profit at Rs 119.78 crore for December quarter 2022-23.

Infrastructure investment trust IndiGrid Q3 profit up 27% to Rs 120 crore

Power infrastructure investment company, India Grid Trust has posted 27% rise in consolidated net profit at Rs 119.78 crore in Q3.

IndiGrid Q3 Profit Rises 27% To Rs 120-Crore

India Grid Trust consolidated net profit rises 26.97% in the December 2022 quarter

India Grid Trust (IndiGrid) will acquire a 100 per equity stake in Khargone Transmission at an enterprise value of about Rs 1,497.5 crore.

IndiGrid to acquire 100% stake in Khargone Transmission for Rs 1497 crore

Stocks to watch: India Grid Trust, Reliance Ind, Adani Enterprises, YES Bank, Hero MotoCorp, etc.

Stocks that will see action on January 23, 2023

India Grid Trust announces cessation of director

India Grid Trust has also received additional scope of augmentation across few of its existing subsidiaries aggregating to approximately Rs 230 crore on Regulated Tariff Mechanism (RTM) basis.

India Grid Trust to acquire Rajgarh Transmission upon its commercial operation date

India Grid Trust consolidated net profit rises 64.42% in the September 2022 quarter

India Grid Trust to consider raising debt

HIT is KKRs third InvIT in India, in addition to Virescent Renewable Energy Trust- Indias first renewable energy InvIT, and India Grid Trust, a transmissions InvIT. Together, these platforms operate and manage 33 assets valued at over $3.8 billion across 22 states or union territories across India.

KKR India launches Highways Infrastructure Trust

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

India Grid Trust is an India-based infrastructure investment trust which owns inter-state power transmission assets in India

India Grid Trust