Power grid is not only fundamentally sound company , technically stock is positioned for big gains. A cup handle pattern in making and good volume on uptick is positive for this stock.

Power grid trading at 6 month low today on a high market. A great opporunity for value investor looking for a safe bet in power sector.

CMP : 100.35

Expected return in 1 year 20% on conservative basis. Stock is trading at p/e of 23 compared to high p/e of 33 for other power companies.

As per some reports Indiabull power still have to start work on the constrcutoin but there is a farmer protest brewing near Nashik. Could this be another Nano saga ?

Toshiba JSW is searching options to start stage-I operations of its super-critical power equipment manufacturing facility located at Ennore, near Chennai, by the end of fiscal 2011.

The sources informed that the facility will create turbines of 3,000 Mw capacity.

Sources added that the project is likely to cover 100 acres of land at Ennore, near Chennai. The Toshiba-JSW (of OP Jindal group) joint venture is envisaging to make supercritical power boilers at the facility.