We recommend to buy Power Grid Corporation of India with a price target of Rs 120 in its report dated Feb. 13, 2012. The stock is looking good for long at current levels and we maintain our views as buy.
We remain uptrend on Power Grid's (PWGR's) earnings growth prospects post management`s commentary on key issues at its analyst meeting on February 10 (post the 3QFY12 earnings release on February 8).