I fully agree on the current scenario and keeping an eye on its movement. 11.3 per cent yield on a Triple AAA government rated instrument is too tempting to ignore. My view is that Market is not liking the idea of Power Grid Invit dipping into reserves last quarter for maintaining DPU guidance and their future commentary is also currently not encouraging.
I stil may get tempted to enter below 100 mark as 12 percent yield and long runaway will give enough margiin of safety and a postive management commentary can trigger rally to 140 levels.
Keeping in watchlist.
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