Q1 results: Power Grid offers value, despite tariff concerns, stock gains

Even as Power Grid posted in-line performance for the June quarter (Q1), its stock gained a little over three per cent in the past two trading sessions despite the markets falling.  All-round growth in Q1, improving visibility in the core power transmission business and, stock price correction of 20 per cent in the past two months that now factors in concerns over new tariff norms are all keeping analysts positive. Its largest segment of transmission (revenue and profitability up 14 per cent each) drive earnings and a 46 per cent surge in telecom segment profits also helped.&n.....

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