Technical Analyst E Mathew has suggested a buy call for Power Grid Corporation for short term investors. The stock can be bought at current levels of Rs 152 – 154.

The target for short term is Rs 165 – 175. Investors should keep a stop loss of Rs 140 for the closing (not for intraday).

Power Sector is looking good and there are many stocks which are good for investments. It may not be a very good decision to enter the sector now, but investors who have already invested in any of the Power Sector companies, may hold for some more time.

TopNews has been recommending Tata Power, Reliance Energy and Torrent Power for long term investments.

During an interview on Business News channel CNBC-TV18, Mr Ajay Srivastava of Dimensions Consulting said that the markets look overvalued. Mr. Ajay said that Power Grid Corporation and other stocks from Power sector look good for long term investments. Power sector has undergone a re-rating and most of the stocks have gained quite nicely over the last two months.