CMP : 132
Target Price : 165
For 2QFY2016, Power Grid Corporation of India (PWGR) reported a 16.8% yoy
increase in transmission revenues to Rs4,708cr, which is 3.5% below our estimate
of Rs4,878cr, on account of lower than expected capitalisation. For the quarter,
capitalisation stood at Rs5,053cr, well below our estimate of Rs6,246cr.
Capitalisation was expected to ..